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Space Sector Rockets Higher Before SpaceX's Massive Market Debut

Analysts initiate coverage of SpaceX stock with buy rating, bullish price targets. But demand for shares vastly outweighs supply.

The VanEck space ETF is up 24% in five days, with Redwire, Rocket Lab, and AST SpaceMobile among the biggest movers

Rocket Lab, AST SpaceMobile Rally as SpaceX IPO Excitement Builds

(Bloomberg) -- Space and satellite-related stocks soared Tuesday as investor enthusiasm around the industry intensified after Elon Musk’s SpaceX filed for a public offering last week.Most Read from BloombergNvidia CEO Urges Super Micro to Tighten Up on ComplianceTrump Doctor Visit Renews Health Scrutiny as 80th Birthday NearsTrump Says He’ll Announce Negotiated Deal With Iran ShortlyRubio Sees Good News Coming on Hormuz as Iran Talks ContinueUS, Iran Inch Toward Deal as Gaps Remain on Uranium, S

Shares of space and satellite companies surged in premarket trading on Tuesday, extending the sector’s recent rally following SpaceX’s public filing for what is expected to become the largest initial public offering ever launched. Redwire (NYSE:RDW) climbed 15% ahead of the opening bell, while MDA Space (NYSE:MDA) advanced 13%.