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The space stock rally is cracking as investors prepare to swap proxies for SpaceX itself

June 1, 2026 Emily Chen Clock

A rally shows cracks in space stocks

The Procure Space ETF, trading under the ticker UFO, has dropped almost 11% in just two sessions. Intuitive Machines and Rocket Lab have each fallen roughly 17%, while AST SpaceMobile, a retail-trading favorite, has sunk nearly 23%.

The story continues at The Next Web.

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