Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
U.S. stock CFD derivatives
Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
GUSD
Mint GUSD for Treasury RWA yields
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
Rewards

Space Stocks ASTS, RKLB, LUNR, RDW Slide Overnight; Analyst Questions SpaceX Launch Monopoly Risk

GateNews
Stocks
According to analyst Tim Farrar, space stocks including AST SpaceMobile (ASTS), Rocket Lab (RKLB), Intuitive Machines (LUNR), and Redwire (RDW) slid overnight into Monday (June 9), with each stock dropping over 1% following Friday's sharper decline of 8% to 14%. The selloff was triggered by concerns that SpaceX's dominance in affordable rocket launches could give it an unfair advantage in downstream space businesses, including satellite communications and orbital data centers, thereby disadvantaging competitors who rely on SpaceX for launch access. Farrar noted that if SpaceX maintains low-cost launch superiority while competing directly in markets like Starlink, smaller rivals dependent on Falcon 9 rockets—particularly ASTS, which builds competing direct-to-cell satellites—may face long-term strategic disadvantages. Bill Ackman has recently highlighted SpaceX's dominant position in orbital transportation affordability.
View Source
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Related News

9h ago
U.S. Stocks Tumble as Nasdaq Plunges Over 4%, Chip Sector Shed Over $1 Trillion in Value on Friday
12h ago
U.S. Stock Indices Plunge on June 6; Nasdaq Falls 4.18%, Semiconductor Index Drops 10%
06-07 04:16
U.S. Stock Market Crashes on June 5 as Nasdaq Plunges 4.18%, S&P 500 Sinks 2.64%
06-07 01:16
Nasdaq Plunges 4.2% Friday as Market Signals Tighter Funding Conditions
06-06 23:46
Broadcom Falls 7.9% on Friday After 13% Plunge; Chip Stocks Extend Selloff
In-Depth Analysis

U.S. employment data boosts bets on a Federal Reserve rate hike, and a selloff in U.S. AI technology stocks spreads to Asian stock markets

Market Whisper5h ago

S&P 500 Falls 2.6% as Jobs Report Sends Bond Yield Above 4.5%

Lucas Bennett06-06 16:45

Nasdaq Falls 4.18% as Semiconductor Stocks Plunge 10% on June 5

Lucas Bennett06-06 04:03
Comment
0/400
No comments