4/13/2023 - Written By Caleb Henry
Shares of Japanese lunar lander company iSpace saw a 4x increase in price this week amid hype that the company's Hakuto-R lander may reach the Moon's surface April 25. If successful, iSpace will put Japan on the map as the fourth country to successfully land on the moon, following the U.S., the U.S.S.R., and China. While certainly exciting, it's worth sounding a word of caution that retail investors appear to have latched onto iSpace, which could expose the company's stock to even more volatility. Retail investors don't always understand the industry adage "space is hard," evinced by a 14% dip Astra shares saw in February 2022 because of a mere three-day launch delay. For iSpace, the company's highs and lows are poised for amplification until new investors either get space savvy or lose interest after the landing hype fades.
SOURCE: https://techcrunch.com/2023/04/13/ispace-tokyo-stock-exchange/