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Virgin Galactic shares dropped more than 30% following the SpaceX IPO, as traders rotated out of hype-driven space names into the newly public leader.
Space stocks and funds were hammered in the wake of SpaceX's debut. Analysts are still bullish about their future potential.
Virgin Galactic stock is a wave of SpaceX IPO momentum sweeps through the sector. But is it already too late to invest in SPCE shares now?
Virgin Galactic stock popped nearly 24% ahead of SpaceX's IPO.
A substantial portion of the disclosed stake by RichRich Capital is in call options, making it a largely options-backed bet on SPCE.
Blue Origin's New Glenn rocket exploded during a hot-fire test, and Elon Musk had some thoughts about it as SpaceX heads toward what could be the biggest IPO yet.
<body><p>STORY: :: SpaceX</p><p>Shares of U.S. space companies soared on Wednesday, continuing their rise as investors bet that the upcoming mammoth IPO of Elon Musk's SpaceX could force Wall Street to rethink how it values the space economy.</p><p>Shares of Intuitive Machines shot up more than 13%, AST SpaceMobile jumped almost 7%, while Virgin Galactic added more than 10% at one point in Wednesday morning trading.</p><p>:: Rocket Lab</p><p>:: Archive</p><p>Shares of Rocket Lab and Planet Labs also rose, following big gains in the last two sessions.</p><p>SpaceX is poised to become the first trillion-dollar U.S. market debut, immediately cementing it as one of the world's most valuable publicly traded firms.</p><p>:: SpaceX</p><p>Other public companies related to space travel are hoping to benefit from renewed investor attention.</p><p>:: Spacepharma</p><p>Many have struggled to sustain premium valuations despite growing demand for satellite communications, launch services and defense-related off-planet infrastructure.</p><p>:: SpaceX</p><p>SpaceX last week took the wraps off its IPO filing, which showed how the company is betting its future on transitioning into an AI powerhouse, with expectations of long-term infrastructure dominance.</p></body>
Investors are abuzz about SpaceX's filing for an initial public offering—and the gravitational pull is pushing some stocks up and others down this morning. Shares of Rocket Lab and Firefly Aerospace each fell around 6% at the opening before paring some of their losses, while space-focused companies Virgin Galactic and AST SpaceMobile advanced.
Yahoo Finance Senior Autos Reporter Pras Subramanian joins Yahoo Finance Markets and Data Editor Jared Blikre to discuss SpaceX's (SPAX.PVT) recent IPO filing with the SEC, what it means for the space sector, and when Elon Musk's latest IPO could go live.For more predictions market insight, check out the new Yahoo Finance Polymarket Hub.