🔴 SpaceX CDR (SPCX.TO) is trading 3.8% down today as investors reassess lofty valuation

SPCX.TO is trading at CA$23.01 (-3.77%) as investors reassess its lofty valuation, heavy capital spending, and profitability outlook.

• Recent reporting highlights substantial AI infrastructure spending and continuing concerns about execution risk.
• Broader technology weakness and elevated long-term Treasury yields are adding pressure to high-growth assets ahead of the Federal Reserve minutes.
• The 30-year yield remains near its highest level since 2007, while Nasdaq futures lagged after the August 18 technology selloff.