Why Space Stocks Suddenly Fell Today

Added: 2026-06-01

[00:00:01]Hi, welcome to trade winds. Yesterday, space stocks seemed unstoppable.

[00:00:07]Today, many of them hit a lot of turbulence, fell sharply.

[00:00:14]ESTs, Space Mobile was down. Uh, Lunar Intuitive Machine fell, Red Wire, RDW pulled back, crawled back throughout the day, but you know, at the beginning, a big dip. VSAT was down. A number of other space related names found themselves under pressure as investors headed for the exits. So, what happened?

[00:00:44]Lots of people are pointing to one dramatic event. Blue Origin's new Glenn Rocket exploded during testing and um you know Blue Origin's not a public company. You can't buy shares in it, but you know the the media was on it. the pictures, the pictures of the explosion and all that video that may have reminded investors of something that a lot of people forget during a strong rally that space is is is tough. You know, it ain't perfect and progress is rarely a straight line. Throughout the week, enthusiasm surrounding space sector had been building. Monday and Tuesday were strong.

[00:01:30]investors. We're talking about SpaceX and the IPO coming up, talking about satellite communications, lunar exploration, talking about defense contracts, drones, launch services, growing space economy. You know, expectations were rising.

[00:01:50]When expectations rise, even one single negative headline can have a a big effect. And uh it's important not to jump to conclusions. You know, was Blue Origins test incident the entire reason space stocks fell? Probably not the entire reason. You know, Friday pullback and all that sell off for the weekend.

[00:02:18]Many of those stocks had already enjoyed significant gains in recent days and weeks. Investors may simply have decided to lock in profits before the weekend.

[00:02:30]Others may have looked at the headlines and decided to reduce risk.

[00:02:35]Some traders may have seen both things happening at once. And this is where investor psychology becomes interesting.

[00:02:44]Stocks are rising, everybody focuses on opportunity. Stocks start falling, everybody suddenly remembers risk.

[00:02:54]I didn't budge. I stayed in it and I picked up Palunteer early, too. I would like to get Microsoft, but it bolted right out of the gate. I I couldn't get any of it. It took off and last time I checked, it's still climbing. I mean, thank God. Thank God Microsoft is moving. And Palunteer, that's great. And Hood, too. Robin Hood took off today. It was up eight or nine%. Palunteer was up 8%. That's great. Microsoft was up 8%.

[00:03:27]You know, good.

[00:03:30]Dell was up what 23% today alone. SMCI was up 8 n 10%. Think I got a list here somewhere.

[00:03:45]Yeah. KTP KTP 26%.

[00:03:50]IBM up 10%.

[00:03:52]Salesforce CRM 10%.

[00:03:56]GitLab GTLB 10% up.

[00:04:00]Oracle 9.5% up. Hood 8%. Palunteer 9. So SFI little action from Sofi 8.5%.

[00:04:10]Rivon 8%.

[00:04:12]Fig up 7.5%.

[00:04:15]I mean that's pretty good.

[00:04:17]Uh, Braze, BR, BRZ, Braze, Soundhound was up 5% or so, Warlock, and Adobe. That's good.

[00:04:30]Too bad I wasn't near any of them. I was just sitting on my space stuff and um a little bit of Palunteer. So, that was nice. That was nice.

[00:04:42]So, you know, perception perception is what drives these short-term price movements. And what's especially interesting is that most of the long-term stories remain intact. The demand for satellite communications has not disappeared. The interest in spacebased infrastructure has not disappeared. It's okay everybody just, you know, take a sabbatical, take a day off. They're not going to climb every day, but uh actually when they fall back and you get a little you got a little bit of cash tucked away, it's a great time to buy. You know the your favorites, man. You know, my favorites, that's a good time to even 5, 10, 20 shares. You know, picked up 25 shares of this and few of that. I mean, just little bits add up. And uh we'll we'll see what's coming up Monday and Tuesday.

[00:05:39]But um what changed today was pretty much I don't know if it was that rocket or or what or or Friday selloff, but just kind of the the whole mood surrounding space. It been so pumped up and so hyped up for, you know, the beginning of this week through the middle of this week and okay, today finally gave it up.

[00:06:04]So the market as you know it often moves between excitement and caution, right?

[00:06:11]Hope and fear, optimism and doubt.

[00:06:15]So today may have been one of those days when caution briefly won the argument.

[00:06:24]Um, some investors may be asking, is this the beginning of a larger pullback or is it simply a pause after a powerful run? And that's that's a question many traders will be watching next week. So, I just thought I'd put this one together just kind of a recap on space and um yeah, check out comments because I'm going to list the stocks there again in comments. So, check that out. And this is none of this is ever financial advice.

[00:06:59]Bernie, I said it. I said it. Bernie, Bernie's my attorney.

[00:07:05]Bernie the attorney. He went on a journey and he wrote on a journey during his journey. Bernie, if you like these discussions about investing and market psychology, please click like, add a comment or three, you know, subscribe, go through the different vids and, you know, see which ones you like. Uh h head over check out the the the website jackcarterbooks.com and uh you know see if there's anything there that uh that picks your interest and I shall see you next time.