EL7.AI
StocksMediumUpdated•Originally published 17 July 2026•Updated 17 July 2026•
1 min read

Space-Tech Sector Sell-Off Deepens as AST SpaceMobile and SpaceX Slide; Netflix Mixed

Key Facts

1SpaceX shares fell 4.2% following the aborted Starship V3 launch, extending a losing streak below its $135 IPO price.
2Netflix reported Q2 revenue of $12.56B, missing expectations despite 13.4% Y/Y growth.
3Netflix operating income of $4.19B beat consensus estimates.

Amid technical hurdles in the space exploration sector, technology stocks faced mixed momentum driven by operational setbacks and varied earnings results. SpaceX shares fell 4.2% following the aborted Starship V3 launch, extending a losing streak below its $135 IPO price, while the sector-wide decline intensified as AST SpaceMobile (ASTS) plummeted 18% due to fading investor confidence. In the streaming sector, Netflix reported Q2 revenue of $12.56B, missing analyst expectations despite a 13.4% year-over-year increase, though the company beat estimates for operating income which reached $4.19B.

The revenue performance for Netflix reflects a slight deceleration compared to its Q1 revenue growth of 14.8% (Search). While space-tech firms struggle to regain valuation levels, investors are closely monitoring streaming peers, with Disney recently reporting improved profitability in its direct-to-consumer segment (Search). Per market data, the sharp sell-off in ASTS reflects heightened risk aversion toward emerging tech companies dependent on successful heavy-lift launch milestones.

SpaceX (SPCX) stood at $131.11, while Netflix (NFLX) closed at $74.35 and ASTS hit new session lows (close July 16, 2026). Traders are now looking ahead to the U.S. Super Core CPI data scheduled for release on July 14, 2026, which could significantly impact market sentiment for high-growth tech equities.