Space stocks face significant uncertainty as SpaceX plans to retire the Falcon 9 rocket by 2028, creating a potential launch capacity void that competitors like Rocket Lab may struggle to fill. The industry’s heavy reliance on the unproven Starship vehicle poses risks to business models across the sector, particularly for companies with high launch demand. Meanwhile, rising interest rates and debt maturities are driving an uptick in dividend cuts among iconic firms like Campbell's, signaling that long-standing payout streaks are no longer reliable indicators of financial health. Investors should prioritize free cash flow over earnings per share when assessing dividend safety. Regarding the European AI landscape, established leaders like ASML remain the most viable investment options, while emerging "neo-cloud" companies like Enscale offer high growth potential despite extreme valuation challenges.
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