Google was mentioned as being down today as part of a broader market sell-off.
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Space Stocks Enter Worst Day Ahead of SpaceX IPO
Jun 5, 2026
The creator discusses the sell-off in the space tech market, attributing it partly to the upcoming SpaceX IPO and previous resistance levels. Despite the current downturn, the creator highlights strong earnings and new contracts for companies like Redwire, Rocket Lab, and LUNR, suggesting bullish long-term projections for some, particularly Redwire.
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The creator previously bought AMD during a sell-off, achieving significant gains by focusing on long-term value over technicals.
Planet Labs is down 25% today, reflecting the significant sell-off occurring in the space tech market.
Rocket Lab is selling down, but like LUNR and Redwire, it has crushed earnings and is part of the broader space stock market trend.
The upcoming SpaceX IPO is mentioned as a factor contributing to the sell-off in space stocks.
Black Sky (BKSY) is selling down, breaking previous support and falling into the $35 support level, consistent with the broader space stock market trend.
LUNAR has sold down to its 200-day moving average, showing strong earnings but is currently experiencing a sell-off alongside other space stocks.
Despite a current sell-off, Redwire is expected to see bullish long-term projections into the $25-$30 range, supported by strong earnings, new contracts, and multi-year deals.