Space Stocks Rally Premarket Ahead of SpaceX’s Historic Market Debut

Tiger Newspress

06/12

Friday，Space Stocks Rallied In Premarket Trading. Virgin Galactic Surged Over 9%, Redwire Corp., Rocket Lab USA, Inc., Destiny Tech100 Inc Climbed Approximately 7%, And AST SpaceMobile, Inc. Advanced Over 5%.

Elon Musk’s SpaceX confirmed the pricing of its historic initial public offering (IPO), offering 555.6 million shares at $135 per share to raise $75 billion, marking the largest IPO fundraise in history. SpaceX shares are expected to begin trading on the Nasdaq this Friday (12th) under the ticker symbol 'SPCX.' At the $135 offer price, SpaceX’s market capitalization reaches $1.77 trillion, surpassing Tesla.

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Virgin Galactic Surged Over 9%, Redwire Corp., Rocket Lab USA, Inc., Destiny Tech100 Inc Climbed Approximately 7%, And AST SpaceMobile, Inc. Advanced Over 5%.Elon Musk’s SpaceX confirmed the pricing of its historic initial public offering (IPO), offering 555.6 million shares at $135 per share to raise $75 billion, marking the largest IPO fundraise in history. SpaceX shares are expected to begin trading on the Nasdaq this Friday (12th) under the ticker symbol 'SPCX.' At the $135 offer price, SpaceX’s market capitalization reaches $1.77 trillion, surpassing Tesla.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}