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home / news releases / SPIR - RocketLab space stocks trend down following Virign Galactic delay

SPIR - RocketLab space stocks trend down following Virign Galactic delay

Spire Global Inc. Class A
Stocks in the space sector trend down alongside Virgin Galactic (SPCE -2.0%) after UBS downgraded the stock due to an announcement that Richard Branson's company would delay commercial launches until Q4 2022. Rocketlab (RKLB -3.8%), Spire Global (SPIR), Momentus (MNTS -1.2%), and Maxar Technologies (MAXR -2.2%) are all trending down on the day. The Procure Space ETF (UFO -0.5%) also falls in the red Monday after paring some losses Friday after dropping immediately following the Virgin Galactic news Thursday. One of the lone gainers is Redwire, which is made up of seven subsidiaries. Read up on one of the few cash flow positive space sector stocks in an analysis by SA contributor Vince Martin.

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RocketLab, space stocks trend down following Virign Galactic delay
Stock Information
Company Name: Spire Global Inc. Class A
Stock Symbol: SPIR
Market: NYSE
Website: spire.com
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