Space Stocks Back Down to Earth

In quite fitting fashion, the many space stocks that rocketed higher ahead of the SpaceX (SPCX) IPO earlier this month have since fallen back down to earth.

Below is a snapshot of the two dozen or so stocks directly related to space, whether it’s building rockets, satellites, weapons, moon equipment, or system software.

On average, these stocks were up 99% year-to-date at the close on Thursday, June 11th when SpaceX (SPCX) priced its shares at $135.  Since that day, the same basket of space stocks are down an average of 17%.

As you can see in the table, along with SpaceX (SPCX) still being up 14.5% from its IPO price, just one other stock out of 28 is up since the SPCX IPO.

Below is a look at nine price charts from the group of space stocks listed above that look just like a rocket launch that goes straight up, then comes straight down.  The only question now is whether the rocket is re-usable or not!

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