Space Exploration Technologies Corp (NASDAQ:SPCX) stock traded lower on Wednesday as risk appetite cools in growth-leaning names and traders rotate toward more defensive pockets of the market. The Nasdaq is down 0.31% while the S&P 500 has shed 0.13%.
SpaceX is drawing investor attention as it expands AI computing ambitions, prepares for a major share unlock, and works through key launch delays.