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Space Rally Gets Reality Check With Blue Origin Blowup

A weeks-long rally in space-related stocks came to an abrupt halt on Friday, with the explosion of a Blue Origin rocket serving as a glaring reminder of the risks that come with the potential riches investors hope to reap from the blossoming industry.

A Blue Origin New Glenn rocket at the Cape Canaveral Space Force station in Cape Canaveral, Florida on April 18.

Rocket, Satellite Stocks SurgeΒ as SpaceX IPO Fuels Euphoria

Space and satellite-related stocks soared Tuesday as investor enthusiasm around the industry intensified.

Firefly Aerospace signage during the company's initial public offering at the Nasdaq MarketSite in New York, US, on Thursday, Aug. 7, 2025. Shares in Firefly Aerospace will start trading on Thursday in New York, marking the next evolution for a company that survived bankruptcy and turmoil to develop its own fleet of rockets and successfully land a private spacecraft on the moon.

Applied Aerospace Shares Drop 5% After $650 Million IPO

Applied Aerospace & Defense Inc. fell 5% on its first day of trading, after the space and defense engineering firm raised $650 million in an initial public offering priced near the top of a marketed range.

Applied Aerospace & Defense Inc. signage during the company's IPO at the New York Stock Exchange on June 3.
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