SpaceX Reverses Premarket Gains, Turns Lower After Rising Nearly 3%

The scale of the reversal, rather than the direction, is the notable part: a move of nearly 3% erased within the same premarket session points to thin liquidity and headline-driven positioning ahead of the open, where small order flow can swing the tape. With no stated catalyst, the episode says more about how loosely anchored premarket pricing is than about any change in the company's prospects. Whether the opening session holds the lower level or retraces once broader volume arrives is the open question.