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Wall Street Turns Sour on Once-Buzzy Space Stock After 73% Rout
Wall Street analysts are aggressively slashing price targets for spacecraft and satellites manufacturer York Space Systems Inc. The company's uncertain path is reportedly due to supply chain troubles and a slowing pace of government contracts.
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Adjacent reporting
- SpaceX stock falls back to earth shortly after Wall Street analysts release florid targets: ‘Paving the superhighway to the stars’
- Retail and Wall Street are underwater on SpaceX — but not going down without a fight
- A SpaceX ‘investment coma’ is driving this major space ETF toward its worst month in 6 years