SpaceX is trading at $143.19 (-5.52%) on October 15 as hotter-than-expected September inflation revived rate-hike concerns, weighing on technology and growth stocks.
- Nasdaq futures were down 1.36%; CNN reported a global tech retreat as investors worried higher rates would raise AI funding costs.
- No new company-specific event clearly explains the decline.
- A share unlock and a previously filed executive sale were reported as possible supply concerns, but the sale was planned in advance.