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(Bloomberg) -- As Elon Musk basked in the public spectacle of SpaceX’s blockbuster initial public offering this month, another — altogether more restrained — rocket executive also hailing from the Southern Hemisphere was putting the final touches on his biggest strategic move. Most Read from BloombergYen Hits Four-Decade Low in Historic Slide That’s Rattled JapanTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsWhatsApp Opens Username Reservations to 3 Billion UsersUS Stocks Get Tec
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.
Yahoo Finance Senior Reporter Brooke DiPalma joins Market Domination to tackle today's top trending tickers, including the momentum driving SpaceX (SPCX) shares in Friday's session after the company's IPO, the impact it is having on other space stocks Virgin Galactic (SPCE) and Rocket Lab (RKLB), and how semiconductor stocks such as Micron Technology (MU) and Nvidia (NVDA) are moving on the historic public offering.
The official trading debut of SpaceX stock has triggered a dramatic unwinding of proxy trades that investors had been using to gain indirect exposure to the space giant.
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.
Space stocks are catching a strong updraft in midday trading. Virgin Galactic (NYSE:SPCE) stock is up 14% to $4.87, while Rocket Lab (NASDAQ:RKLB) stock is climbing 6% to around $122. The likely backdrop: SpaceX’s IPO roadshow is currently underway, and the buzz appears to be lifting sentiment across the publicly traded space proxies. Per Financial ... Virgin Galactic Surges 14%, Rocket Lab Gains 6% as SpaceX IPO Roadshow Fuels the Space Trade
SpaceX is gearing up for what could be the largest IPO in history later this month.
(Bloomberg) -- A rapid rally in shares of Virgin Galactic Holdings Inc. has burned short sellers betting against the space tourism firm, according to data from S3 Partners.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingAndrew Left Found Guilty in Case That Spooked Short SellersUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedSh
S3 Partners said short exposure of $118.3 million exceeds the combined active and passive institutional long positions.
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.
Space stocks are splitting sharply this Friday morning after Blue Origin’s New Glenn rocket exploded during a hotfire test late Thursday at Cape Canaveral. AST SpaceMobile (NASDAQ:ASTS) stock is down 17% to $111, while Planet Labs (NYSE:PL) stock has dropped 8% to roughly $47.50 and Rocket Lab (NASDAQ:RKLB) stock has slipped 6% to $139. Virgin ... AST SpaceMobile Plunges 17%, Planet Labs Drops 8% on Blue Origin Explosion, While Virgin Galactic Surges 11%
Virgin Galactic Holdings Inc (NYSE:SPCE) continued its remarkable advance on Thursday, 28 May, with shares climbing 19. 53% during regular trading before adding a further 14% in after-hours activity.
<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>
Shares of AST SpaceMobile (NASDAQ:ASTS) are up 8% in midday trading on May 27, changing hands near $129. The satellite direct-to-cell name is leading a space-sector sympathy rally tied to SpaceX IPO buzz. The move extends an already torrid run. ASTS stock is up 78% year to date (YTD), making it the headline mover in ... AST SpaceMobile Surges 8%; Virgin Galactic, Rocket Lab Ride the SpaceX IPO Wave
Space stocks are rocketing upwards. AST SpaceMobile and Virgin Galactic have each risen more than 9% in Friday's trading session, extending gains from Thursday driven by SpaceX's move toward an initial public offering.
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.
Virgin Galactic (NYSE:SPCE) said it remains on schedule to begin flight testing its first new Delta-class spaceship in the third quarter of 2026 and conduct rocket-powered spaceflight in the fourth quarter, as the company works through the final stages of its pre-revenue development phase. On the c
Virgin Galactic Holdings Inc (SPCE) reports improved financial metrics and strategic advancements as it prepares for commercial space operations.