SpaceX FOMO is officially over. Space stocks across the board are getting punished.

The once-hot space sector is now facing a downturn as investors are reevaluating the high valuations that had been driving stock prices. Analysts point out that the "FOMO" or fear of missing out on SpaceX's meteoric rise has waned, leading to a significant sell-off in space-related stocks. This shift underscores a broader market correction where speculative bubbles are bursting, impacting everything from satellite to rocket companies. The implications suggest a more cautious investment climate for the sector as investors seek better-founded valuations.