Goldman Sachs described the recent space-stock selloff as a violent shakeout, noting its U.S. space and satellite basket remains up 13% year to date after surging more than 360% over the prior two years. AST SpaceMobile stock fell 32% in the past month following a surprise $1 billion convertible senior notes raise that sparked dilution fears, while SpaceX shares dropped 34% to new post-IPO lows after a Starship launch abort. Rocket Lab stock slid 36% and Virgin Galactic shares lost 28% over the same period, though the diversified Procure Space ETF limited its decline to 14%. Goldman's Louis Miller said the theme has evolved beyond purely speculative but warned that investor enthusiasm will likely move ahead of fundamentals at times, making the path uneven.
Ast Spacemobile Inc
Rocket Lab USA Inc.
Virgin Galactic Holdings Inc
Space Exploration Technologies Corp. Class A Common Stock
Goldman Sachs Group Inc
NVIDIA Corporation