Space Stocks Tumble as SpaceX Surges 19% in Debut

SpaceX jumped about 19% in its first public trading session, while Rocket Lab, AST SpaceMobile, and Intuitive Machines all fell sharply. Rocket Lab dropped over 10% despite announcing it will join the Nasdaq-100 index. The sell-off may reflect investor rotation into SpaceX or a reassessment of smaller rivals.