Rival Space Stocks Fall Amid SpaceX IPO Frenzy

The highly anticipated initial public offering of SpaceX has led to a noticeable downturn in the stock prices of competing companies within the rocket, satellite, and broader space sectors. Investors appear to be shifting their capital towards SpaceX, drawn by the excitement and potential returns associated with its public debut. This concentration of investment interest in SpaceX's IPO has created a ripple effect, causing a selloff among its rivals in the rapidly evolving space industry.