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SpaceX's stock has come off its IPO-era highs, but hiring across the broader space economy has not followed suit.
While many sectors of the labor market have pulled back on headcount, space-related employment continues on a bullish trajectory — a divergence that separates the hype trade from the underlying business.
Stock Price Is Not the Same as Industry Health The cooling in SpaceX shares might read, at a glance, as a signal that the space sector is losing momentum.
What the labor data shows instead is that the commercial space economy is still expanding its workforce even as the equity premium attached to SpaceX's name compresses.
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