🚀 $SPCX SpaceX Falls 3%+ Pre-Market as Geopolitical Risk Spooks All Risk Assets
The Iran deal collapse didn't just hit crypto — $SPCX SpaceX fell more than 3% in pre-market trading as the broader geopolitical shock hit risk assets across every market simultaneously. SpaceX's extraordinary post-IPO run — up 49% cumulative since listing just nine days ago — is showing its first real pullback today. This is a useful reminder that momentum-driven assets are the most exposed when sentiment shifts suddenly, regardless of their underlying business quality. $SPCX SpaceX's $18,712 $BTC #Bitcoin treasury position means that every point of $BTC #Bitcoin weakness is a small but direct drag on the company's balance sheet as well, creating a two-layer negative feedback loop on days like today.