Space companies plunge to earth

SpaceX's Falcon Heavy launches at Cape Canaveral, Florida. (Image: Getty)

Sat, 19 Mar 2022

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...

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