Burning Up On Re-Entry

Space sector stocks are diving despite SpaceX's successful milestones as competitors suffer double-digit losses.

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Source: DepositPhotos

With SpaceX (SPCX) having a terrific first day, one would assume all the other rocket and satellite companies would be hitting new highs. Nope. Most of them fell by double-digit percentages. Let me put it this way: if SPCX starts to weaken during its first real trading week, you can expect this entire sector to go to the doghouse.








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