🔴 SPACE X is trading 3.1% down today on debt issuance and lock-up expiration concerns

SPACE X is trading 3.1% down at $40.78 as investors remain cautious following debt issuance headlines and recent sharp declines.

• The stock is under pressure from concerns over bond financing to refinance bridge loans and upcoming lock-up expirations.
• Broader profit-taking in high-valuation tech names continues to weigh on sentiment, keeping the stock's performance fragile despite a mixed broader market.