SpaceX is trading 3.2% down at $109.89 in pre-market as post-IPO volatility and renewed concerns over higher interest rates weigh on growth stocks.
- The decline extends recent weakness following the company's blockbuster IPO and sharp first-day surge.
- Broader Nasdaq futures are also under pressure, reflecting a cautious sentiment across the technology sector.
- Traders are increasingly utilizing new futures and derivatives to actively hedge and speculate on the name ahead of the market open.