What's Going On With SpaceX Stock Today?

Space Exploration Technologies Corp. (NASDAQ: SPCX ) shares are pulling back further Tuesday, extending Monday’s slide, as a broader risk-off tape and a Falcon 9 launch weigh on the stock. SpaceX stock is showing notable weakness. What’s weighing on SPCX shares? SpaceX Falcon 9 Launches 29 Starlink Satellites Tuesday SpaceX launched a Falcon 9 rocket carrying 29 Starlink broadband satellites from Cape Canaveral at 11:58 a.m. Tuesday, The launch had been scheduled for Monday morning but was scrubbed and rescheduled for Tuesday. SpaceX Underperforms Weakest Sector on the Market Communication Services is the worst-performing sector Tuesday out of 11 sectors, and SpaceX is lagging even within that group. The sector has struggled recently, falling 0.26% over the past 30 days and 4.68% over the past 90 days. Market breadth is tilted negative Tuesday, with an ad...