🔴 NASA ETF (NASA) is trading 6.8% down today on profit-taking in high-beta space small caps

NASA ETF (NASA) is trading 6.8% down today as high-beta space stocks retreat on profit-taking following a rapid run-up in the sector.

• The downside is driven by volatility in speculative holdings including Rocket Lab, Intuitive Machines, AST SpaceMobile, and Planet Labs.
• The selloff appears to be sector-specific rather than a broad market move, as major U.S. indices are currently posting modest gains.
• Investors are likely locking in gains on small-cap space names after a period of significant outperformance.