Space stocks got crushed, but

Space stocks got crushed, but the underlying business didn't. The selloff feels more like capital rotation than a broken space thesis. Contracts are still being signed, demand is still building, and the next earnings wave could expose the disconnect between price action and fundamentals.

$SpaceX(SPCX)$ pulled capital toward itself and pressured the rest of the sector.

$AST SpaceMobile, Inc.(ASTS)$ launched three massive comm arrays, with 60 carriers and 3 billion subscribers tied to the story.

$Rocket Lab USA, Inc.(RKLB)$ booked $663M from Space Force in just 9 days.

$Planet Labs Pbc(PL)$ now has a backlog exceeding annual revenue and completed its first profitable year.

$BlackSky Technology Inc.(BKSY)$ just delivered its first-ever EBITDA-positive quarter.

$AST SpaceMobile, Inc.(ASTS)$ and $Rocket Lab USA, Inc.(RKLB)$ report Monday night, with more space names reporting this week. The tape is about to give us the answer.

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The selloff feels more like capital rotation than a broken space thesis. Contracts are still being signed, demand is still building, and the next earnings wave could expose the disconnect between price action and fundamentals.\n<a href=\"https://ttm.financial/S/SPCX\">$SpaceX(SPCX)$&nbsp;</a> pulled capital toward itself and pressured the rest of the sector.\n<a href=\"https://ttm.financial/S/ASTS\">$AST SpaceMobile, Inc.(ASTS)$&nbsp;</a> launched three massive comm arrays, with 60 carriers and 3 billion subscribers tied to the story.\n<a href=\"https://ttm.financial/S/RKLB\">$Rocket Lab USA, Inc.(RKLB)$&nbsp;</a> booked $663M from Space Force in just 9 days.\n<a href=\"https://ttm.financial/S/PL\">$Planet Labs Pbc(PL)$&nbsp;</a> now has a backlog exceeding annual revenue and completed its first profitable year.\n<a href=\"https://ttm.financial/S/BKSY\">$BlackSky Technology Inc.(BKSY)$&nbsp;</a> just delivered its first-ever EBITDA-positive quarter.\n<a href=\"https://ttm.financial/S/ASTS\">$AST SpaceMobile, Inc.(ASTS)$&nbsp;</a> and <a href=\"https://ttm.financial/S/RKLB\">$Rocket Lab USA, Inc.(RKLB)$&nbsp;</a> report Monday night, with more space names reporting this week. The tape is about to give us the answer.\n<img src=\"https://community-static.tradeup.com/news/ea428b190ab94c9c801121c9f4312934\" tg-width=\"680\" tg-height=\"380\"></body></html>","htmlText":"<html><head></head><body>Space stocks got crushed, but the underlying business didn't. The selloff feels more like capital rotation than a broken space thesis. Contracts are still being signed, demand is still building, and the next earnings wave could expose the disconnect between price action and fundamentals.\n<a href=\"https://ttm.financial/S/SPCX\">$SpaceX(SPCX)$&nbsp;</a> pulled capital toward itself and pressured the rest of the sector.\n<a href=\"https://ttm.financial/S/ASTS\">$AST SpaceMobile, Inc.(ASTS)$&nbsp;</a> launched three massive comm arrays, with 60 carriers and 3 billion subscribers tied to the story.\n<a href=\"https://ttm.financial/S/RKLB\">$Rocket Lab USA, Inc.(RKLB)$&nbsp;</a> booked $663M from Space Force in just 9 days.\n<a href=\"https://ttm.financial/S/PL\">$Planet Labs Pbc(PL)$&nbsp;</a> now has a backlog exceeding annual revenue and completed its first profitable year.\n<a href=\"https://ttm.financial/S/BKSY\">$BlackSky Technology Inc.(BKSY)$&nbsp;</a> just delivered its first-ever EBITDA-positive quarter.\n<a href=\"https://ttm.financial/S/ASTS\">$AST SpaceMobile, Inc.(ASTS)$&nbsp;</a> and <a href=\"https://ttm.financial/S/RKLB\">$Rocket Lab USA, Inc.(RKLB)$&nbsp;</a> report Monday night, with more space names reporting this week. The tape is about to give us the answer.\n<img src=\"https://community-static.tradeup.com/news/ea428b190ab94c9c801121c9f4312934\" tg-width=\"680\" tg-height=\"380\"></body></html>","text":"Space stocks got crushed, but the underlying business didn't. The selloff feels more like capital rotation than a broken space thesis. Contracts are still being signed, demand is still building, and the next earnings wave could expose the disconnect between price action and fundamentals. $SpaceX(SPCX)$ pulled capital toward itself and pressured the rest of the sector. $AST SpaceMobile, Inc.(ASTS)$ launched three massive comm arrays, with 60 carriers and 3 billion subscribers tied to the story. $Rocket Lab USA, Inc.(RKLB)$ booked $663M from Space Force in just 9 days. $Planet Labs Pbc(PL)$ now has a backlog exceeding annual revenue and completed its first profitable year. $BlackSky Technology Inc.(BKSY)$ just delivered its first-ever EBITDA-positive quarter. $AST SpaceMobile, Inc.(ASTS)$ and $Rocket Lab USA, Inc.(RKLB)$ report Monday night, with more space names reporting this week. 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