Space stocks are sharply declining in June, with companies like Virgin Galactic, Redwire, Intuitive Machines, and Momentus dropping around 50%. Other firms such as Planet Labs and Firefly Aerospace have also fallen over 40%. This downturn reflects waning investor enthusiasm and skepticism about high valuations in the space sector following the fading excitement around SpaceX. The trend highlights growing caution among investors about the profitability and growth prospects of space-related companies.
US stock futures rose after a softer-than-expected Consumer Price Index (CPI) report reduced the chances of a Federal Reserve rate hike in July. The market now awaits today's Producer Price Index (PPI) data, which could either confirm easing inflatio...
The FAA has approved SpaceX to resume Starship prototype flights after identifying the cause of a booster failure in May. The next launch, planned for July 16, will be the second flight of the Starship V3 and will carry the first third-generation Sta...
