SpaceX is trading 3.2% down at $141.33 as technology stocks lead a broader market pullback.
- The Nasdaq Composite is down 1.41% and the S&P 500 is down 0.63%.
- Higher oil prices, rising bond yields, and renewed U.S.-Iran tensions are pressuring growth-oriented shares; Reuters reports elevated yields are weighing on technology valuations and borrowing costs.
- Intesa Sanpaolo’s newly disclosed $966 million stake is notable but does not explain today’s decline.