Space Stocks Tumble as Traders Flock to SpaceX

Planet Labs sank 10%, Intuitive Machines dropped 9%, and Firefly Aerospace fell 7% with no company-specific bad news. Capital rotated toward SpaceX, which debuted last week and disclosed a $60 billion option agreement to acquire Cursor. Virgin Galactic fell 8% to $3.28, down 99% over five years.