US Stock Market Move | Space concept stocks took a hit, AST SpaceMobile (ASTS.US) dropped more than 9%.

On Thursday, space concept stocks experienced a general decline, with AST SpaceMobile (ASTS.US) falling by over 9%, SpaceX (SPCX.US) by over 7%, Rocket Lab (RKLB.US), and Planet Labs PBC (PL.US) by over 4%. As a leading aerospace company, SpaceX opened sharply lower today, with a cumulative drop of over 10% in two days, bringing its total market value down to $2.38 trillion, directly impacting other space concept stocks. Paul Meeks, Managing Director and Technology Research Director at Freedom Capital Markets, believes that the reasons for the stock's decline include the possibility of SpaceX issuing more shares, which would dilute the scarcity of current stocks. In addition, the cooling down of the artificial intelligence trend, continued investor skepticism towards SpaceX's artificial intelligence business, and SpaceX not meeting profit expectations are also factors leading to investor sell-offs.