Why SpaceX’s IPO Triggered a Brutal Tech & Satellite Shakeout

The Friday session closed green. Here is why: The historic SpaceX (SPCX) IPO debut and breaking news of a potential U.S.-Iran peace deal sparked a massive capital rotation, even as institutions faded the late-day rally.Sector Winners vs. Losers:🟢 Winners: Basic Materials (+1.87%), Energy (+1.62%), and Financials (+1.15%) led cyclicals higher.🔴 Losers: Communications and satellite proxies like AST SpaceMobile (ASTS -15.53%) and EchoStar (SATS -10.90%) got crushed by the SpaceX liquidity drain.The Look Ahead:🔔 Watch for Swiss peace treaty news over the weekend and whether the S&P 500 can hold its key support level at 7,237 before next week's critical Warsh FOMC meeting.Content is for informational and educational purposes only. Market data may be subject to platform delays. This is not financial advice.