🔴 SPCX.TO is trading 3.6% down today amid tech sector weakness and global risk-off sentiment

SPCX.TO is trading at CA$19.08, down 3.6% today as high-growth, AI-linked names face significant de-risking flows following a volatile week.

• The decline aligns with a broader tech-sector sell-off triggered by disappointing Tesla results and investor concerns regarding Alphabet’s heavy AI capital expenditures.
• Global risk sentiment is under pressure as oil prices surpass $100 and new U.S. tariffs weigh on the market, leading to a shift away from large-cap technology and growth assets.
• The pullback reflects a broader risk-off tone in the market, impacting SpaceX CDR alongside other major technology players.