Space Candidates — June 16, 2026
Overview
The space sector has reversed sharply from the near-ATH structure reported on May 29. RKLB is the most dramatic change: from $143.48 (RSI 67.9, +73.9% 30D) to $104.63 (RSI 45.2, -20.23% 30D) — a -27.1% price drop in 2.5 weeks while the strong-up trend label has somehow held. It's now -30.71% from ATH and -14.8% vs SMA20 — a significant pullback that may be testing the golden cross. GSAT also weakened: RSI 69.6→42.6, price $84.21→$79.75, flipped to weak-down. ARKX held up best: RSI 67.8→50.6, +2.87% 7D — the ETF diversification cushioned the single-name selloffs. The watchlist has expanded significantly: FLY, SATS, ASTS, LUNR, and RDW all added and all weak-down or worse. IRDM (Iridium) enters with a strong-up trend but RSI 45.6 and -19.28% from ATH. The standout addition is SPCX — the SpaceX ETF proxy — at +25.38% 30D and +16.65% 7D, now tracking the SpaceX pre-IPO thesis directly. The sector is digesting its 05/29 extension across the board.
| Signal |
Reading |
| Overall |
🟡 Space sector sold off hard from 05/29 ATH — RKLB -20% 30D; GSAT flipped weak-down; expansion universe all weak-down; SPCX/SpaceX proxy the standout at +25% 30D |
| Key insight |
RKLB -20.23% 30D is the sector's pain point — a major retracement from the parabolic +73.9% 30D peak. SPCX at +25.38% 30D shows the SpaceX IPO thesis is pricing separately from the operational names. |
Quick Snapshot
| Metric |
Value |
| Coverage |
10 tickers |
| Strong-up / recovering |
RKLB (trend label held), ARKX, IRDM, SPCX |
| Weak-down / deteriorating |
GSAT, FLY, SATS, ASTS, LUNR, RDW |
| New entries |
FLY, SATS, ASTS, LUNR, IRDM, RDW, SPCX |
Candidates
| Ticker |
Price |
RSI |
Trend |
7D |
30D |
52wkHi |
Signal |
Take |
| SPCX |
$201.80 |
— |
neutral |
+16.65% |
+25.38% |
-10.57% |
— |
SpaceX ETF proxy. No RSI data. +25.38% 30D and +16.65% 7D — the only name in the sector accelerating. Best vehicle for SpaceX IPO thesis. |
| ARKX |
$34.75 |
50.6 |
strong-up |
+2.87% |
+1.88% |
-8.29% |
GC |
Held up best in the selloff. -1.3% vs SMA20. Strong-up GC intact. Best passive entry if re-entering space thesis. RSI 50 is healthy, not overbought. |
| RKLB |
$104.63 |
45.2 |
strong-up |
-1.27% |
-20.23% |
-30.71% |
GC |
Significant pullback from ATH. -14.8% vs SMA20. -30.71% from ATH. Strong-up trend held despite -20% 30D — the golden cross is the key level to watch. +33.13% 3m means the structural uptrend is intact. |
| IRDM |
$43.45 |
45.6 |
strong-up |
-3.01% |
+0.44% |
-19.28% |
GC |
New entry. Strong-up GC. -9.0% vs SMA20. +66.09% 3m — the strongest 3m gain in the table. RSI 45.6 near neutral. |
| GSAT |
$79.75 |
42.6 |
weak-down |
+0.74% |
-2.4% |
-5.84% |
— |
Flipped from strong-up (RSI 69.6) to weak-down (RSI 42.6) in 2.5 weeks. -3.0% vs SMA20. -5.84% from ATH. Satellite connectivity thesis under pressure. |
| SATS |
$120.97 |
48.3 |
weak-down |
-1.4% |
-11.34% |
-17.85% |
— |
New entry. EchoStar. Weak-down. -2.4% vs SMA20. -11.34% 30D. +7.75% 3m. Mid-tier deterioration. |
| ASTS |
$82.25 |
43.6 |
weak-down |
-7.37% |
-5.27% |
-38.56% |
— |
New entry. AST SpaceMobile. Weak-down. -18.8% vs SMA20. -14.05% 3m. -38.56% from ATH. One of the weaker new entries. |
| RDW |
$13.50 |
42.9 |
weak-down |
-9.97% |
-3.3% |
-49.32% |
— |
New entry. Redwire. -26.5% vs SMA20. -49.32% from ATH. Deep below ATH, deep below SMA20, -10% 7D — one of the weakest setups in the table. |
| FLY |
$30.95 |
40 |
weak-down |
-5.09% |
-29.58% |
-58.06% |
— |
New entry (Wheels Up/FLY). RSI 40. -25.8% vs SMA20. -29.58% 30D. -58.06% from ATH. Heavily distressed. Watch only if approaching RSI 30 capitulation. |
| LUNR |
$23.36 |
38.3 |
weak-down |
-9.74% |
-30.46% |
-50.03% |
— |
New entry. Intuitive Machines. -30.1% vs SMA20. -30.46% 30D. -50.03% from ATH. RSI 38.3 approaching oversold — next to watch for potential capitulation. |
Action Matrix
| Action |
Stocks |
Why |
| 📈 ACCUMULATE |
SPCX |
Only accelerating name. +25.38% 30D, +16.65% 7D. Best way to own SpaceX pre-IPO thesis without single-name space operator risk. |
| 📈 ACCUMULATE |
ARKX |
Best re-entry for space thesis — strong-up GC held, RSI 50, -1.3% vs SMA20, -8.29% from ATH. Diversified. Cushioned the selloff. |
| 🔍 WATCH |
RKLB |
-20.23% 30D pullback from the 05/29 high is the re-entry setup question. Strong-up GC intact. Watch if SMA20 holds (~$118-120 range) for staged re-entry. Don't chase yet — RSI 45 not yet oversold. |
| 🔍 WATCH |
IRDM |
Strong-up GC, RSI 45.6, +66.09% 3m — strongest structural 3m in table. New entry; needs one more week of data to establish entry range. |
| 🔍 WATCH |
LUNR |
RSI 38.3, -30.46% 30D, -50% from ATH. Approaching oversold — potential capitulation watch similar to WMT 05/29 setup. High-risk/speculative. |
| 🔒 HOLD |
RKLB (existing) |
If already long from the 05/29 ATH run, hold with SMA20 stop. Strong-up trend still intact. -20% 30D pullback is painful but not trend-breaking yet. |
| ⚠️ AVOID |
GSAT |
Flipped weak-down. -5.84% from ATH but RSI dropped from 69.6 to 42.6. Satellite thesis needs a direct-to-device revenue milestone to reclaim structure. |
| ❌ DON'T BUY |
FLY, RDW, ASTS |
FLY -58% from ATH, RDW -49% from ATH, ASTS -38% from ATH. All weak-down with no recovery signals. Deep distress, not oversold setups. |
| ❌ DON'T BUY |
SATS |
Weak-down, -11.34% 30D, mid-tier deterioration. No thesis anchor. |
What Changed vs 05/29
All three original names sold off from near-ATH positions. RKLB fell from $143.48 (RSI 67.9) to $104.63 (RSI 45.2) — -20.23% 30D, now -30.71% from ATH. The strong-up trend label survived, but -14.8% vs SMA20 is significant stress. GSAT dropped from $84.21 (RSI 69.6, strong-up, -0.6% from ATH) to $79.75 (RSI 42.6, weak-down, -5.84% from ATH) — the near-ATH thesis broke. ARKX proved the most resilient: RSI 67.8→50.6, -8.29% from ATH — the ETF diversification held. Watchlist expanded dramatically with seven new names: FLY, SATS, ASTS, LUNR, IRDM, RDW (all weak-down), and SPCX (the standout, +25.38% 30D). The SpaceX IPO thesis now has a dedicated tracking vehicle (SPCX), which is performing while the operational names retreat.
Key Discoveries
| Discovery |
Implication |
| RKLB -20.23% 30D while strong-up trend held |
The golden cross structure is absorbing a significant retracement — not yet broken. The 05/29 RSI 68 ceiling was a signal: the parabolic run needed digestion. |
| SPCX +25.38% 30D while RKLB/GSAT sell off |
SpaceX pre-IPO thesis is being priced separately from the operational space names. SPCX is now the cleanest vehicle for this thesis. |
| LUNR, FLY, RDW all -30% to -58% from ATH, weak-down |
The expansion universe confirms the sector rotation is purely concentrated in a few names (RKLB, SPCX) — the broader space ecosystem is distressed. |
| GSAT RSI 69.6→42.6 in 2.5 weeks |
The satellite connectivity thesis needed a catalyst (direct-to-device revenue milestone) that hasn't arrived. Without it, the near-ATH was speculative compression that unwound fast. |
| IRDM +66.09% 3m with strong-up GC |
Iridium — established satellite infrastructure — is the quietly strongest 3m performer in the table. A name worth tracking as the durable backbone play vs. the speculative launches. |
Open Questions
- RKLB at $104.63, RSI 45.2, strong-up: is the SMA20 (~$118-120) holding as support or becoming resistance? That determines whether this is a re-entry setup or further breakdown.
- SPCX with no RSI data: when will enough history populate to establish RSI and SMA20 context? Track weekly.
- LUNR RSI 38.3: approaching oversold — is there a Intuitive Machines catalyst (lunar contract, NASA delivery) that could trigger a capitulation recovery?
- GSAT weak-down: what revenue milestone would flip this back to strong-up? Direct-to-device commercial launch timing?
- IRDM +66.09% 3m but RSI 45.6 and -19.28% from ATH: is this Iridium NEXT contract re-rating, or a speculative move? Verify the fundamental catalyst.