SpaceX Slips 3%, Rocket Lab Sinks 9%, AST SpaceMobile Drops 7% Even as Six Members of Congress Buy SPCX Stock

1 month ago 38

David Moadel

Tue, July 28, 2026 astatine 9:37 AM CDT 5 min read

Quick Read

SpaceX's continued post-IPO descent appears to beryllium weighing connected Rocket Lab, which is down 9%, and AST SpaceMobile, which is down 8%, adjacent arsenic some stocks connection affirmative catalysts.
RTX gained 21% YTD portion Golden Dome spouse Rocket Lab sank 9%, and Iridium slipped 3% contempt Rocket Lab's pending $8 cardinal acquisition.
Six Congress members bought up to $480,000 of SPCX stock, with positions already underwater aft 8 consecutive sessions beneath the $135 IPO price.
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Space names are nether dense unit Tuesday greeting arsenic a broad-based assemblage selloff swamps affirmative company-specific news. SpaceX (NASDAQ:SPCX) shares are down 3% to $109.96, extending a descent that present runs 30% since the June 12 IPO. Plus, SpaceX's peers are sliding harder contempt caller catalysts.

SpaceX Axiom-1 Launches First Privately Funded And Crewed Mission To ISS

Rocket Lab (NASDAQ:RKLB) banal is down 9% to $60.63, reversing Monday's gain. AST SpaceMobile (NASDAQ:ASTS) shares are down 7% to $54.09. The Procure Space ETF is disconnected 2% to $43.03, indicating that the weakness is theme-wide.

The symptom is arriving successful the aforesaid league six members of Congress disclosed SpaceX purchases, an antithetic buying awesome against a reddish tape. Those positions are already underwater arsenic SpaceX banal has traded beneath its $135 IPO terms for 8 consecutive sessions.

SpaceX Overhang Drags the Sector

Sentiment connected SpaceX banal has soured connected valuation concerns and a reported archetypal lockup expiration astir August 6, which could unlock insider selling. Options positioning reflects that caution: the full-chain put/call ratio sits astatine 1.07, with the September 18 expiration astatine 5.52.

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Six representatives disclosed SpaceX purchases totaling $182,000 to $480,000 combined, 5 Republicans and 1 Democrat, including Reps. Lisa McClain, John James, Daniel Meuser, William Timmons, John McGuire, and Gilbert Cisneros. Several beryllium connected committees touching SpaceX's subject contracts oregon Starlink. A partial legislature stock-trading prohibition passed the House past week but isn't expected to wide the Senate.

The prediction markets are leaning bearish connected SpaceX today. Polymarket assigns a 56% probability of a little close, and the assemblage assigns lone a 54% probability of the banal holding supra $110 into month-end.