Aerospace and Defense Stocks Decline as Investors Take Profits Ahead of Potential SpaceX IPO

A broad selloff occurred in aerospace and defense stocks on Wednesday as investors took profits following a strong rally. The decline was driven by market participants locking in gains ahead of the potential initial public offering (IPO) of SpaceX.

By Rob Williams, SA News Editor · Seeking Alpha · June 3, 2026, 17:08 UTC

Topics: aerospace defense stocks space sector stock market

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