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Commercial space stocks fall sharply amid profit-taking after big gains

Market News
19 May 2026
24/7 Wall Street
View Source
Bearish
pluang ai news

Commercial space stocks Rocket Lab, Planet Labs, and Intuitive Machines dropped 5-9% Tuesday midday due to sector-wide profit-taking after strong rallies. Rocket Lab leads with a 413% gain over the past year, Planet Labs 111%, and Intuitive Machines 172%, prompting a coordinated selloff rather than company-specific news. Despite the pullback, fundamentals remain solid with strong revenue growth and contract wins, but valuations are high and risks include dilution and competition. Investors will watch for new catalysts like Rocket Lab's Neutron rocket debut and contract updates to gauge if the decline is temporary or a deeper correction.

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