Planet Labs Sinks 10%, Intuitive Machines Drops 8%, Firefly Aerospace Falls 7% as Traders Rush to SpaceX Quick Read – Planet Labs and Intuitive Machines drop 10% and 9% on no company news, yet both remain up over 39% year to date. – SpaceX’s debut and a $60 billion Cursor option…
reement are pulling retail capital from peers, leaving Virgin Galactic down 99% over five years. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Firefly Aerospace didn’t make the cut. Grab the names FREE today
Shares of space stocks are tumbling in mid-morning trading on Tuesday, with Planet Labs (NYSE:PL) stock leading the decline. Planet Labs stock is down to roughly $27 and change, extending a sharp pullback in the satellite imagery name. Intuitive Machines (NASDAQ:LUNR) stock is also under heavy pressure, slipping 9% to $23 and change.
Meanwhile, Firefly Aerospace (NASDAQ:FLY) shares are down 7% to $31, while Virgin Galactic (NYSE:SPCE) stock is off 8% to $3.28. The selloff is striking because no major company-specific bad news has surfaced for Planet Labs, Intuitive Machines, or Firefly Aerospace today. Instead, attention appears to be concentrating elsewhere in the space complex, specifically on the newly listed SpaceX (NASDAQ:SPCX).