🔴 Space ETF (UFO) is trading 4.04% down in pre-market as global risk aversion pressures equities

UFO is trading at $39.00, down 4.04%, as broad risk aversion pressures equities.

• U.S. futures fell and Asian markets sold off amid concerns about AI spending.
• Reported damage to oil tankers near the Strait of Hormuz lifted crude prices and added geopolitical uncertainty.
• SpaceX’s reported earnings beat supported UFO on October 21; no new overnight space-sector catalyst is identified, leaving the broader market retreat as the clearest explanation for the decline.