Reddit Traders Took Space Stocks to the Moon. Re-Entry Could Be Ugly.

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Heard on the Street: WallStreetBets fueled a new space race. Now its traders could bring the frenzy down to earth.

Startups with realistic ambitions stand a better chance as a bubble that lifted up space stocks deflates

Amateur investors took the stock market by storm a year ago, buying up shares of meme stocks like GameStop and AMC Entertainment. Many remember it as a revolution against Wall Street, but in the end, they largely just lined the pockets of major financial firms. WSJ’s Dion Rabouin explains. Illustration: Sebastian Vega

 

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