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Space Stocks Plunge as SpaceX's Historic Market Debut Triggers Profit-Taking
- Space-related equities suffered a sharp pullback as investors executed a "sell-the-news" profit-taking wave following SpaceX's initial public offering.
- AST SpaceMobile plummeted 15.53% to close at $82.41 on massive volume, while BlackSky Technology fell 9.87% to close at $32.42.
- The selloff indicates capital rotating out of proxy space stocks and directly into the newly public rocket giant.
Supporting datasets
Supporting queries
To surface this insight, Baselight ran 9 queries across its structured data. Each one is reproducible — open it, read the SQL, and rerun it yourself.
Conclusion
ASTS close fell from $97.56 on June 11 to $82.41 on June 12 (-15.53%) on 54,519,253 shares (vs. 23,220,051 on June 11). BKSY fell from $35.97 to $32.42 (-9.87%) on 2,672,422 shares.