🔴 Space Innovators ETF (JEDI.DE) is trading 3.3% down amid FCC authorization for SpaceX direct-to-device constellation

JEDI.DE is trading at €61.61, down 3.30%, as SpaceX competition concerns intensified after FCC authorization for its direct-to-device constellation.

• AST SpaceMobile is a significant JEDI.DE holding; Piper Sandler also cited SpaceX competition when downgrading the company.
• Hotter U.S. inflation data and higher borrowing-cost concerns pressured rate-sensitive technology stocks and growth sectors.
• U.S. indexes rebounded or pared losses on October 15, suggesting the ETF’s decline was more concentrated in sector-specific concerns than a uniform broad-market selloff.