SpaceX shares extended their decline on Monday as investors digested the prospect of a significant debt offering by the aerospace and artificial intelligence company.
The selloff reflects growing market anxiety over rising interest rates, which threaten to increase borrowing costs for the firm as it prepares to issue bonds to fund its operations.
The pressure on SpaceX comes amid a broader repricing of growth stocks sensitive to yield movements.
In contrast, Australian equities are poised for a positive open, driven by an improvement in global risk sentiment.
This optimism is largely underpinned by a pullback in oil prices, which has eased concerns about energy cost inflation and supply disruptions.
The market reaction suggests that traders are increasingly pricing in a diplomatic resolution to ongoing tensions in the Middle East, reducing the immediate geopolitical premium on energy assets.