Space Stocks Gave Back Two-Thirds of Peak Value After More Than Twelvefold Rise
Social Capital’s research basket, including Rocket Lab and AST SpaceMobile, surrendered two-thirds of its peak value after rising more than twelvefold, according to the report.
Billionaire tech investor Chamath Palihapitiya put space stocks’ boom and bust in focus late Tuesday as his firm Social Capital’s research basket — including Rocket Lab (RKLB) and AST SpaceMobile (ASTS) — gave back two-thirds of its peak value after a more than twelvefold rise.“Stock prices reflect…