Space companies plunge to earth

Space companies plunge to earth
SpaceX's Falcon Heavy launches at Cape Canaveral, Florida. (Image: Getty)
Brian Gaynor
The listed space sector, which includes Peter Beck’s Rocket Lab, is having a dreadful year.Six of the seven listed space companies have had negative returns, varying from minus 41.7% for Astra Space to plus 3.4% for Redwire.The average year to date return for the seven companies is minus 24.8% compared with a negative 13.6% for the Nasdaq Composite Index.Nothing much has changed in the past few months as far as these companies are concerned, with the notable exception of investor perception. These companies have long-term visions but...

More Opinion

In the KiwiSaver departure lounge
Opinion

David Chaplin: In the KiwiSaver departure lounge

The number of members in all age cohorts below age 35 went down for the first time.

Builders may make the difference for themselves
Opinion

Maria Slade: Builders may make the difference for themselves

Govt initiatives to boost housing are a triumph of politicking over practicality.

Maria Slade 06 Oct 2025
CEOs prove pay is not performance
Opinion

Eden Bradfield: CEOs prove pay is not performance

Understanding short and long-term incentives.

Eden Bradfield 04 Oct 2025