Space Watch

SpaceX FOMO is officially over. Space stocks across the board are getting punished.

Investors seem to be having second thoughts about the lofty valuations in the sector, an analyst says

Stocks in the space sector deepened their declines on Thursday as the SpaceX halo fades further.

At least four space stocks — the space-exploration firm Virgin Galactic SPCE, satellite firm Redwire RDW, space-infrastructure firm Intuitive Machines LUNR and the in-space transit company Momentus MNTS — have recorded 50% drops so far in June, based on FactSet data. Several others, including Planet Labs PL and Firefly Aerospace FLY, are down 40% or more for the month as of Thursday afternoon.