Space Sector Stocks Plunge as SpaceX Goes Public

Stock News

06/12

The public listing of SpaceX has triggered a significant sell-off across the space industry sector, with related stocks experiencing sharp declines.

Shares of Virgin Galactic (SPCE.US) plummeted 24%. Redwire (RDW.US) fell nearly 10%, while Planet Labs PBC (PL.US) dropped 9%. Rocket Lab (RKLB.US) declined over 7%, and the "SpaceX concept fund" Destiny Tech100 (DXYZ.US) was down more than 6%.

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