Top space stocks, which surged in recent months on anticipation of the SpaceX IPO, have suffered a sharp reversal in recent days, wiping out billions of dollars in market value.
Top Space Stocks Have Plunged This Month Rocket Lab (NASDAQ:RKLB) stock has dropped by 27% from its highest point this year, and is trading at its lowest point since May 11.
Its market capitalization has dropped from $87.2 billion to $63 billion.
Planet Lab (NYSE:PL) stock retreated to $32 from this month's high of $51, with its valuation falling from $18.40 billion to $11.50 billion.
This retreat accelerated after the company published its financial results last week.
