Shares of Virgin Galactic, Rocket Lab, and AST SpaceMobile fell sharply as SpaceX made its trading debut, prompting investors to rotate out of public space stocks. SpaceX's strong launch growth and competitive edge in reliability and reusability pressured peers, causing a sell-the-news reaction despite prior gains. Virgin Galactic faces higher risk due to low revenue and cash burn, while Rocket Lab shows solid revenue growth and upcoming projects. AST SpaceMobile's volatility reflects speculative trading ahead of its satellite launch. Investors should expect volatility as the market adjusts to SpaceX's entry and watch for stabilization in these stocks.
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...
