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The Economic Times
The Economic Times
Business

Space stocks slump as blistering rally cools after SpaceX market debut

SpaceX Elon Musk Rocket Lab United States

U.S. space stocks tumbled on Friday as investors rushed to lock in gains on the day of SpaceX's market debut, snapping a months-long rally fueled by anticipation over the blockbuster IPO.

The Elon Musk-led company jumped 28%, clinching a valuation of over $2 trillion as both institutional investors and retail traders piled onto the world's biggest stock market listing.

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