The space rally that kicked off yesterday is rolling straight into Tuesday’s session. Planet Labs (NYSE:PL) stock is up 8% to $33.65, Rocket Lab (NASDAQ:RKLB) stock is up 5% to $102.75, and SpaceX (NASDAQ:SPCX) stock is up 4% to $170.12 in midday trading. This looks like a broad move across the sector. All three pure-play ... Planet Labs Spikes 8%, Rocket Lab Gains 5%, SpaceX Climbs 4% as the Space Rally Rolls On
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SpaceX (NASDAQ:SPCX) is the only ticker financial media wants to discuss this week after its blockbuster public debut at an implied trillion-dollar valuation. But here’s what you should actually be watching. The ARK Space Exploration & Innovation ETF (NYSEARCA:ARKX) trading near $34 a share offers diversified exposure to the space economy. Rocket launches and massive ... Forget SPCX: As Continuous Volatility Shakes Tech, This $34 Exchange-Traded Fund Is a No-Brainer Buy Without The Post-IPO Risk
Cathie Wood just trimmed Tesla and piled into SpaceX after its record-breaking IPO. Let’s see why one of Musk's biggest believers is changing course.
Space Sector Rockets Higher Before SpaceX's Massive Market Debut
As investors await an initial public offering from SpaceX, interest is building for space stocks. A wave of publicly-traded pure play space companies have recently hit the market. Names such as Rocket Lab AST SpaceMobile Planet Labs and BlackSky have emerged as key investor bets on the growing commercial space economy, spanning satellite communications, launch services and Earth-imaging technology.
Rising geopolitical tensions and Trump's defense push are fueling a long-term rearmament trend. One can explore ETFs to benefit from this outlook.