KeyBanc stated that the recent sell-off in the space sector is "unwarranted," as the long-term growth outlook remains unchanged.

In a Monday email report, KeyBanc Capital Markets stated that the recent sell-off in the space sector—triggered by Space Exploration Technologies (SPCX.US) preparing for its listing—is "unnecessary," as the industry's long-term growth outlook remains solid. SpaceX (Elon Musk’s rocket and satellite company) surged 20% on Monday, following a 19% gain on its Friday debut closing price. Space companies Rocket Lab (RKLB.US) and Firefly

AASTOCKSJun 16 05:32

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BenzingaJun 16 02:13

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BenzingaJun 15 23:49

Rocket Lab, Firefly Upgraded — SpaceX IPO Was Your Chance To Load These Stocks

BenzingaJun 15 23:20

Rocket Lab's Stock Rebounds, as One Analyst Says the SpaceX-fueled Selloff Was Misguided

MarketWatchJun 15 23:11

SpaceX (SPCX.US) IPO triggers sector pullback—could it be a buying opportunity? KeyBanc upgrades Rocket Lab (RKLB.US) and Firefly (FLY.US), bullish on long-term growth prospects of the commercial space sector

The pullback in the commercial space sector triggered by SpaceX's record-breaking IPO is seen by some Wall Street institutions as a new opportunity to position themselves in the market.

Zhitong FinanceJun 15 22:46 · Ratings