<div id="readability-page-1"><p>Space stocks sank sharply on Friday as Space Exploration Technologies (SPCX), or SpaceX, made its long‑awaited public debut on the Nasdaq (NDAQ). Shares of Rocket Lab (RKLB), Virgin Galactic (SPCE), Intuitive Machines (LUNR), Firefly Aerospace (FLY), and EchoStar (SATS) all fell more than 10% at the open, giving back much of yesterday's big rally. Elon Musk and SpaceX President and COO Gwynne Shotwell rang the opening bell on Friday, marking one of the most anticipated IPO moments in years.</p><h3>Introducing TipRanks MCP for Agents</h3>Explore FLYT for 2X leverage on FLY <h2><strong>Hard Reversal After Yesterday's Surge</strong></h2> <p>The sector had soared on Thursday as traders piled into anything tied to space ahead of the historic listing. But once SpaceX began trading, the sentiment shifted. Investors rushed to take profits, unwind speculative bets, and shift capital toward the SpaceX IPO itself.</p> <p>Fund managers and retail traders are also selling other space names to free up cash for the massive offering. Many of these stocks had run up sharply over the past week, making them prime targets for &#34;sell‑the‑news&#34; moves now that the IPO is live.</p> <h2><strong>Details of the SpaceX IPO</strong></h2> <p>SpaceX's debut ranks among the biggest in market history, with the company raising $75 billion by selling 555.6 million shares at a fixed price of $135 each, giving it a valuation near $1.8 trillion. Investor demand was massive, with more than $250 billion in orders placed for the offering.</p> <p>That means the deal was oversubscribed nearly four times, drawing intense interest from both big institutions and retail buyers. The size of the offering has led investors to reshuffle portfolios, adding pressure to other space stocks.</p> <p>It is worth noting that trading does not start the moment the market opens. After the 9:30 a.m. bell, the stock went into an auction phase so buy and sell orders could line up and set a fair opening price. For a big IPO like this, steady trading can take a few hours to really start.</p> <h2><strong>Is SPCX Stock a Good Buy?</strong></h2> <p>Based on the rating of a single analyst covering SpaceX, Timothy Horan from Oppenheimer, the stock is a Moderate Buy. His price target of $190 implies about 41% upside from the IPO price of $135 per share.</p></div>

SPCX

SATS

ASTS

<p>Space stocks plummeted over 10% following SpaceX's historic $75 billion IPO on Nasdaq, which valued the company at $1.8 trillion. Investors sold shares of competitors like Rocket Lab and Virgin Galactic to take profits and fund the massive offering. Despite the sector-wide sell-off, Oppenheimer analyst Timothy Horan rates SpaceX a 'Moderate Buy' with a $190 price target.</p>

Tip Ranks

Space Exploration Tech

Echostar

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Planet Labs

Fundrise Innovation Fund LLC

Destiny Tech100

Rocket Lab

Virgin Galactic

INTUITIVE MACHINES INC C/WTS (TO PUR COM)

ChinaAMC CNI Aerospace ETF

Huatai-PB CSI All Share Aviation & Aerospace ETF

SPDR S&P Kensho Final Frontiers ETF

Defiance Drone and Modern Warfare ETF

ARK Space Exploration & Innovation ETF

Defiance Daily Target 2X Long RKLB ETF

Tianhong CNI Aerospace ETF

Procure Space ETF

SPDR S&P Aerospace & Def

Invesco Aero & Defense ETF

ISHRS Aero & Def

Tradr 2X Long ASTS Daily ETF

2倍做多SpaceX ETF-leverage shares

ProShares Ultra SpaceX ETF

GraniteShares 2x Long SpaceX Daily ETF

GraniteShares 2x Short SpaceX Daily ETF

Leverage Shares 2x Short SPCX Daily ETF

Defiance Daily Target 2X Long SpaceX ETF

Nasdaq

RKLB, SPCE, LUNR: Space Stocks Fall Hard after SpaceX Blockbuster IPO Opens on Nasdaq