---
title: "Space stocks collectively plummet, SpaceX IPO hype cools, RKLX (RKLX.US) drops nearly 19%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286927831.md"
description: "The hype around the SpaceX IPO has cooled, and space concept stocks collectively plummeted during Tuesday's trading session. DXYZ and RKLB fell over 9% during the session, while the derivative RKLX dropped nearly 19%, and ASTX fell over 11%. Almost all of yesterday's gains were wiped out, and the market shows clear divergence in digesting Musk's \"directional statement.\""
datetime: "2026-05-19T13:59:50.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286927831.md)
  - [en](https://longbridge.com/en/news/286927831.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286927831.md)
---

# Space stocks collectively plummet, SpaceX IPO hype cools, RKLX (RKLX.US) drops nearly 19%

On Tuesday (May 19), U.S. stocks saw a significant pullback in space concept stocks, almost entirely reversing yesterday's gains. As of the time of writing:

Main individual stocks:

-   Destiny Tech100 (DXYZ.US) down 9.08%, at $48.19
-   Rocket Lab USA (RKLB.US) down 9.43%, at $118.79
-   AST SpaceMobile (ASTS.US) down 5.38%, at $82.16
-   EchoStar (SATS.US) down 0.81%, at $135.34
-   Procure Space ETF (UFO.US) down 2.73%, at $56.02

Derivatives saw larger declines:

-   RKLX.US down 19.00%, at $72.22 (up nearly 10% yesterday)
-   ASTX.US down 11.03%, at $30.26
-   NASA.US down 3.00%, at $34.73

It is noteworthy that the sector continued to decline throughout the day, with almost no rebound: DXYZ.US peaked at only $53.00 during the day (flat from yesterday's close), then fell steadily, with intraday losses expanding to 10%; RKLX.US reached a high of $83.43 and a low of $72.22, with a fluctuation of over 14%; RKLB.US fell below the $120 mark.

On the news front, this round of pullback is mainly due to the excessive speculation in the sector yesterday. On Monday, Musk's statement to "accelerate the SpaceX IPO" drove the sector to rise 5%-13% in a single day, but the market quickly realized that this statement was merely directional and lacked a specific timeline or filing arrangements. Today, popular stocks on WallStreetBets generally declined before the market opened, with clear signs of retail funds withdrawing. Destiny Tech100, as a "shadow fund of SpaceX," experienced amplified pullbacks due to its high premium/low liquidity characteristics when sentiment reversed

### Related Stocks

- [DXYZ.US](https://longbridge.com/en/quote/DXYZ.US.md)
- [RKLB.US](https://longbridge.com/en/quote/RKLB.US.md)
- [RKLX.US](https://longbridge.com/en/quote/RKLX.US.md)
- [NASA.US](https://longbridge.com/en/quote/NASA.US.md)
- [UFO.US](https://longbridge.com/en/quote/UFO.US.md)
- [ASTS.US](https://longbridge.com/en/quote/ASTS.US.md)
- [SATS.US](https://longbridge.com/en/quote/SATS.US.md)
- [ASTX.US](https://longbridge.com/en/quote/ASTX.US.md)

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- [Why Rocket Lab Stock Dropped Today](https://longbridge.com/en/news/286940661.md)
- [Why Rocket Lab (RKLB) Stock Is Down Today and Why KeyBanc Remains on the Sidelines](https://longbridge.com/en/news/286952795.md)
- [Truist Financial Corp Has $1.27 Million Stock Holdings in Rocket Lab Corporation $RKLB](https://longbridge.com/en/news/286643655.md)
- [Why RKLB and ASTS Stocks are Down Today](https://longbridge.com/en/news/286946861.md)
- [AG2R LA Mondiale Gestion D Actifs Purchases Shares of 28,288 Rocket Lab Corporation $RKLB](https://longbridge.com/en/news/286212920.md)