Space stocks ripped through 2025 as darlings of speculative growth, but the sector has hit serious resistance in 2026. 

As evidence builds for a massive IPO for SpaceX—potentially valuing the aerospace giant at a staggering $1.5 trillion—investors are rotating capital out of established public players. 

The sell-off points to a “wait-and-see” approach, with liquidity being hoarded to secure a slice of Elon Musk‘s dominant space juggernaut.

RKLB stock is moving. See the chart and price action here. 

The Valuation Gap

SpaceX is rumored to be targeting a 60x to 70x price-to-sales multiple and can justify those premiums through the recurring revenue of Starlink, rapid cadence of Falcon 9 and its overall dominance in the space economy.The broader space sector looks overheated by comparison. SpaceX's competitors are still reliant on expendable or only semi-reusable hardware and cannot match the ...