U.S. space stocks moved lower on July 23, with SpaceX (SPCX) falling 2.7% and touching $110.85, its lowest level since its IPO, according to market data from BIT (bit.com). The pullback came as investors focused on the company’s next launch attempt, which is scheduled for July 24 between 6:45 a.m. and 8:15 a.m. Beijing time. The upcoming window has drawn attention after Starship Flight 13 automatically aborted about one second before leaving the launch pad following ignition on the morning of July 17. Other names in the sector also declined during the session: Virgin Galactic (SPCE) fell 2.8%, AST SpaceMobile (ASTS) dropped 6.1%, and Rocket Lab (RKLB) lost 3.6%. The move points to broad weakness across space-related U.S. equities while traders keep a close eye on SpaceX’s next launch result.
U.S. space-related stocks traded lower on July 23, according to market data from BIT (bit.com), with SpaceX (SPCX) down 2.7% and touching $110.85, its lowest price since the company’s IPO.
Investors are now watching the company’s next launch attempt, which is scheduled for July 24 between 6:45 a.m. and 8:15 a.m. Beijing time.
The planned attempt comes after Starship Flight 13 automatically aborted on the morning of July 17, about one second before leaving the launch pad after ignition.
Other space stocks also fell during the session. Virgin Galactic (SPCE) was down 2.8%, AST SpaceMobile (ASTS) fell 6.1%, and Rocket Lab (RKLB) declined 3.6%.
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