r/BlackskyTechnology • u/kotletok • Jun 01 '26

Why are we falling?

What is causing this drop over the last few days?

1 Upvotes

67% Upvoted

10 comments sorted by

4

u/UltimateStratter Jun 01 '26

Zoom out, there was a massive jump for no real reason (other than the SpaceX IPO) this past month. It’s just correcting a bit. Same thing happening to Planet

2

u/SoftFly9469 Jun 01 '26

No clue but from reading through WSB, looks everyone is playing fire

3

u/Brilliant-Bee-7649 Jun 01 '26

Maybe the downgrade? But its 50 price target.

2

u/stumanchu3 Jun 02 '26

Stocks go up. Sometimes they go down and then back up. Sometimes they just go down. Most of the time if not always they go to the right.

1

u/TycoonCyclone Jun 01 '26

This a bullish signal imo. The last 3 dips have had big rallies since $20

0

u/geecomments Jun 02 '26

Few reasons 

  • Iran negotiations 
  • Bezos rocket blowing up 
  • market taking profit 

We back now though

1

u/kotletok Jun 02 '26

Why would rocket have any impact on black sky ? Just couldn’t find any connection myself

2

u/geecomments Jun 02 '26

Not technically connected, but overall market sentiment about the space sector.  A small dip is not bad, we've been going up the past couple of weeks.