🔴 Space ETF (JEDI.L) is trading 3.7% down as SpaceX expansion raises launch-access and pricing concerns

JEDI.L is trading at $72.09, with a -3.67% change, as SpaceX’s direct-to-cell expansion heightened concerns about launch access and pricing.

• Piper Sandler downgraded AST SpaceMobile, citing those competitive risks; AST SpaceMobile, a 7.64% JEDI holding, fell 6.76%.
• Planet Labs dropped 3.45% and Rocket Lab 3.35%, adding pressure across the ETF’s space holdings.
• On October 13, the broader market was nearly flat, pointing to sector-specific pressure rather than a general-market selloff.