Space stocks have lost significant ground over the past couple of months as investors have reduced their exposure to sectors with limited near-term prospects due to the looming interest rate hikes and market uncertainties. Several space companies that went public last year through SPAC deals have suffered heavy losses in the highly volatile market.
According to reports, the two-decade-long partnership between space agencies of the United States and Russia through the International Space Station is currently in jeopardy because of the sanctions on Russia in response to the country’s invasion of Ukraine. This has also contributed to investors’ negative sentiment concerning space stocks.
