Since SpaceX (SPCX) listed on June 12, its share price has seen a retracement of over 40% from its post-IPO high. Currently hovering around $116, it remains below its $135 offering price. As the sentiment anchor for the entire space sector, the correction in SpaceX quickly spread to the broader industry. In fact, the aerospace sector has recorded a one-sided downward trend since SpaceX's listing on June 12. The Roundhill Space & Technology ETF (MARS), which tracks space themes, fell 8% on the day of SpaceX’s listing and has seen a cumulative decline of approximately 23% over the past month, with more than half of its top 10 holdings being dragged down.

TradingKeySat, Jul 25

Iridium Stock Outlook: Can Subscriber Growth and Spectrum Value Lift IRDM After the EPS Miss?

TradingKey - Iridium stock outlook as IRDM holds above $54 after an EPS miss driven by compensation changes. Can subscriber growth and spectrum value fuel the next move?

TradingKeyTue, Jun 30

SpaceX Rival Rocket Lab Surges Over 12%; Plans $8 Billion Acquisition of Iridium to Gain Exclusive L-Band Spectrum and Challenge SpaceX Dominance

TradingKey - Shares of space company Rocket Lab (RKLB) surged by over 12% at one point after announcing an $8 billion acquisition of Iridium Communications (IRDM). Under the transaction agreement, Iridium Communications shareholders will receive $27 per share in cash plus Rocket Lab stock, representing a total consideration of approximately $54 per share. The transaction is expected to close in mid-2027.

TradingKeyMon, Jun 29