Space stocks dropped after SpaceX's historic debut.
Today, June 12, 2026, investors are weighing a sharp pullback against fresh competition in the public market and a huge addressable market.
Shares of satellite communications company EchoStar (NASDAQGS:SATS) fell 7% in the morning session after investors reacted to the historic initial public offering (IPO) of SpaceX.
SpaceX was a seminal event for the stock market. The hype was palpable and created a halo effect, helping lift shares of other space-related companies. What goes up must come down, though. Investors u
The market’s focus on Friday was pretty simple: the debut of Elon Musk’s rocket and artificial-intelligence company SpaceX. Investors have seen the satellite maker as a proxy for SpaceX because it re
Space-linked shares fell as investors shifted attention toward Elon Musk's $1.8 trillion company and its $135 IPO price.
The official trading debut of SpaceX stock has triggered a dramatic unwinding of proxy trades that investors had been using to gain indirect exposure to the space giant.
Fugazi Research said many listed space companies generate little revenue, rely heavily on stock offerings to fund operations, and remain years away from proving the commercial viability of their busin
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