Right now, the hype around space investing feels a lot like the early EV boom. Retail investors are chasing names like RKLB, ASTS, and anything connected to Starlink or Elon Musk. Some analysts think the IPO could legitimize the entire space sector and pull in huge institutional money. But there’s another side people don’t talk about enough. If SpaceX really goes public at a valuation near $1.5–2 trillion, smaller space companies may struggle to compete for investor attention. Some traders are already warning that money could rotate OUT of smaller space stocks and INTO SpaceX itself. And honestly? That concern is reasonable. A lot of these stocks have already run hard on speculation alone. When markets price in “the future of humanity,” expectations become dangerous. Even strong companies