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Markets · Investing · Business
Finance
3 Space Stocks Down More Than 50% From Their Highs
Plant Labs, Rocket Lab, and AST SpaceMobile have all followed a similar path this year, crashing sharply after hitting a peak in late May.
Space stocks are struggling mightily. Whether it's due to the hype around Space Exploration Technologies Corp (NASDAQ: SPCX), also known as SpaceX, or investors being more cognizant of rising valuations, there's definitely a bit more concern in the sector of late.
SpaceX has been falling sharply, and three other top names in space are also down big. Planet Labs PBC (NYSE: PL), Rocket Lab Corporation (NASDAQ: RKLB), and AST SpaceMobile (NASDAQ: ASTS) are all down more than 50% from their highs. Let's take a closer look to see if there are any good buying opportunities amid these free falls.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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