According to TechFlow, on June 16th, data from WEEX TradFi showed that the space economy narrative continued to heat up due to SpaceX's (SPCX) strong performance since yesterday. However, funds were clearly concentrated in leading stocks, putting short-term pressure on some smaller stocks within the sector. SPCXON surged over 28% in 24 hours, with its market capitalization approaching $2.6 trillion. Meanwhile, other space concept stocks in the same sector, such as RKLBON (Rocket Lab), ASTSON (AST SpaceMobile), RDWON (Redwire), and LUNRON (Intuitive Machines), experienced pullbacks, further highlighting the leading effect of SpaceX.
WEEX Labs believes that the capital-draining effect of SpaceX's IPO, coupled with the long-term growth logic of commercial spaceflight, is driving market funds towards leading companies. Although some stocks within the sector are under short-term pressure, the overall trend still reflects the transformation of the space economy from a conceptual narrative to actual commercial implementation. WEEX TradFi offers trading in diverse assets including US stocks, ETFs, precious metals, and commodities, helping users to access Crypto and TradFi opportunities in a one-stop shop.
