SPCX.TO is trading 5.3% lower today as investors continue rotating out of high-growth, AI-related, and space-infrastructure exposures and into value and defensive sectors.
- The drop aligns with a broader selloff in global semiconductor and AI hardware names amid ongoing caution regarding heavy AI capital expenditures.
- Sentiment is further pressured by space-sector funding concerns and heightened macroeconomic uncertainty ahead of the upcoming Federal Reserve meeting.