The Space Stock Rally Gets a Big Reality Check

Space stocks, which have been on an epic tear, are trading lower to start a new month. Be wary as the SpaceX initial public offering looms. Shares of Redwire which makes solar arrays and antennas for space, among other things, were down almost 16% on Monday, to $20.68, while the gained 0.3%, after Jefferies analyst Sheila Kahyaoglu downgraded the stock to Hold from Buy following a run-up that has left shares up 163% over the past month.