Space Stocks Plunge as SpaceX Debut Siphons Investor Capital
Virgin Galactic, Rocket Lab, and AST SpaceMobile shares tumble as traders shift funds to SpaceX’s market debut. Shares of Virgin Galactic (SPCE) fell 24% in early trading Friday, while Rocket Lab (RKLB) and AST SpaceMobile (ASTS) dropped 8% and 10%, respectively. The decli