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r/stocks
So did we stop caring about Space now?
Investor summaryBearish
Space stocks like LUNR, ASTS, RKLB crashed over 50% this month, leaving investors puzzled by the sector's zero support despite SpaceX's IPO.
Bull points
- SpaceX going public could theoretically bring renewed bullish sentiment to the entire space sector.
Bear points
- Space sector stocks have crashed over 50% in a month, showing massive capital outflow.
- Zero technical support and unknown bottom for these previously hyped stocks.
Post body
LUNR, ASTS, RKLB, PL... all down over 50% in a month. Seems like the market has just stopped caring about Space and moving out of this sector. These stocks were talked about constantly with bright futures yet there is zero support now and who knows where the bottom lies now?
What even happened for them to crash this hard? Surely SpaceX IPO isn't the one to blame for all of this. If anything, I would've expected Space sector to feel more bullish with SpaceX being publicly trading now.
And yes, I did catch the falling knife on LUNR so I'm a bit salty about it lol.
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