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SpaceX’s IPO Shine Fades, Taking ASTS And RKLB With It — But There Are 2 Surprise Winners This Month
VSAT and IRDM were July's only space-stock gainers, rising 8% and 4%, respectively.
SpaceX's $28.5 trillion market opportunity pitch is facing growing skepticism as shares slip below the IPO price.
Retail traders remained bullish on ASTS and RKLB despite their weak monthly and year-to-date returns.
The space trade has come crashing back to Earth just over a month after SpaceX's blockbuster public debut — and among the space stocks most popular among retail investors, only two of them are on track to finish the month in the green.
Viasat, Inc. (VSAT) has gained 8.4%, while Iridium Communications, Inc. (IRDM) has returned 4.1% so far this month.
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