The record-breaking IPO of SpaceX has recently moved space stocks significantly and brought the entire sector into the focus of investors.
• Space stocks between price losses and upswings
• SpaceX IPO puts entire sector in the spotlight
• AST SpaceMobile: BlueBird launch as next stress test
How the rally started and ended again
The planned SpaceX IPO has driven up smaller industry stocks such as Redwire, Rocket Lab and AST SpaceMobile since mid-May with share price increases of more than 100 percent in just a few weeks. The logic: An IPO of the world’s largest private space company with a valuation in the trillions would draw institutional investors’ attention to the entire asset class. The classic counter-risk emerged a little later: Redwire lost almost 15 percent after a Jefferies downgrade from “buy” to “hold”. Rocket Lab also fell over 13 percent at the beginning of the month.
The SpaceX IPO as a turning point
On June 12th, SpaceX launched on the NASDAQ under the symbol SPCX. Rocket Lab lost around 10 percent that day, Intuitive Machines 13 percent, Redwire 11 percent, AST SpaceMobile 15 percent. Rocket Lab will be added to the NASDAQ 100 in the June rebalancing, along with Astera Labs, CoreWeave, Nebius Group and Teradyne. The index inclusion creates mechanical buying demand through passive funds, but was not a sufficient buffer against the change in sentiment on the IPO day.
In trading on Monday, however, things are going up again – at least partially. Rocket Lab’s shares rose 6.67 percent to $109.22 on the NASDAQ, while Redwire lost 1.55 percent to $14.89 and Intuitive Machines lost 2.71 percent to $25.90. AST SpaceMobile shares recently rose by 6.15 percent to $87.48.
AST SpaceMobile with its own catalyst
In addition, AST SpaceMobile also has a company-specific driver. BlueBird satellites 8, 9 and 10 are scheduled to launch from Cape Canaveral on June 17, 2026 aboard a Falcon 9 rocket. The three satellites are part of the constellation structure for a space-based mobile network that communicates directly with conventional smartphones.
In addition, the valuation level remains high despite the interim corrections. AST SpaceMobile is valued at 260 times estimated 2026 annual revenue, while Rocket Lab is valued at 91 times, compared to under 20 times a year earlier, according to CoinCentral. The next stress test is the BlueBird launch on June 17th. If the start is successful as planned, it strengthens the operational credibility of the company. Delays, on the other hand, would once again heat up the already tense evaluation discussion.
Evelyn Schmal, Martina Köhler, editorial team finanzen.net
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