SpaceX is trading 3.3% down at $147.15 as investors consolidate gains following a sharp post-IPO rally and enthusiasm over recent AI-compute agreements.
- The pullback follows news of large monthly compute deals and Elon Musk’s public praise of rival Anthropic’s AI models.
- Broader technology sector volatility and previous $600 billion valuation swings are contributing to the downward pressure.
- Market participants appear to be locking in profits after a significant rebound from earlier lows.