SpaceX Shares Drop Over 3% in Premarket Trading

Space Exploration Technologies Corp. shares fell more than 3% during premarket trading on Friday, October 30, 2026. This decline outpaced a 2.4% drop in Tesla shares during the same period, representing a loss more than 0.6 percentage points deeper for the aerospace company.

The downturn occurred as part of a wider trend of pressure on technology stocks. Nasdaq futures declined following updates from Amazon and Intel, contributing to the broader market volatility affecting these companies.