Why Space Stocks Are in a Funk Today
Rockets can go up, or they can explode. Same thing for space stocks.
I won't sugarcoat this for you: Last week was a pretty depressing time to be a space investor.
In back-to-back developments Thursday, we learned first that an unmanned Nova-C lunar lander tried to touch down on the moon's South Pole. But it toppled over within a crater, fell on its side, and died a quiet death deprived of sunlight for its solar cells.
A few hours later, the eighth flight test of the SpaceX Starship ended in a fireball when the second stage (now being called just the "Ship" by Elon Musk, head of Space X) lost control on ascent and self-destructed, once again showering the Caribbean in space debris.
