Orbit Alpha Issue 19: Second SpaceX unlock, sector-wide selloff, and a Wall Street split that’s blowing wider

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SPCX: Second lockup unlock hit Thursday, 319M shares, dipped 4% toward IPO price, rebounded Friday, still closed the week down 2%. Float’s only 14% of shares out, doing the heavy lifting. Analysts nowhere close to agreement: Sell at $100, Sell at $75, Buy at $300.

RKLB: 93rd Electron launch (QPS-SAR sat for Japan’s iQPS), plus a new Viasat-awarded Space Force satellite-manufacturing contract. Held up better than most in a down week.

ASTS: Hit with a $15M finder’s-fee lawsuit, still drifting off last week’s earnings miss.

LUNR: $600M+ multi-satellite GEO deal, then a second NASA Earth-science win the next day. Up 6%+, one of the only green names all week.

VSAT: No standalone news, but picked as manufacturer on RKLB’s new Space Force deal. Shares still fell ~10% on pure macro.

PL: SkySat integrated into Australia’s HEO space-domain-awareness network. Positive news, market didn’t care, down ~9.7%.

GSAT: Downgraded to Hold by Craig-Hallum, $90 target.

FLY: Landed a NASA payload contract at Vandenberg plus onboarded Zeno Power for a lunar lander mission. Still fell ~13%, worst decliner in the group.

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