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Space sector stocks diverge sharply on May 29 as Blue Origin explosion coincides with broader space rally
- A late-Thursday launchpad explosion of Blue Origin's uncrewed New Glenn rocket coincided with sharp divergence among space stocks on Friday, May 29.
- Satellite operator AST SpaceMobile plummeted 14.79% to $113.41, while Virgin Galactic bucked the trend and surged 36.42% to close at $6.18.
- The divergence reflects how space-sector equities respond to multiple concurrent catalysts, including technical setbacks and positive operational milestones.
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Conclusion
ASTS fell 14.79% to $113.41 on 47.84M volume (double its average), following concerns about Blue Origin launch delays for its constellation. SPCE rose 36.42% to $6.18 on 170.97M volume (11.9x its 20-day average of 14.31M), driven by resumed flight testing, Q4 2026 commercial launch targets, and broader space-sector momentum from SpaceX IPO anticipation. Fresh as of May 29, 2026.