Premarket Movers | POET Technologies Soars 13%; Space Stocks Jump with DXYZ up 10%, VCX up 6%; Crypto Shares Slide with MARA, Strategy, Circle, BitMine Down over 3%

Tiger Newspress16:19

POET Technologies stock rose 13% in premarket trading. POET secured a US$400 million premium-priced direct offering to fund manufacturing expansion, acquisitions and AI-focused R&D. The company confirmed a new COO and disclosed its longtime CFO plans to retire in 2026, marking a significant leadership transition.

Space stocks jumped in premarket trading. DXYZ up nearly 10%; VCX ETF, Redwire up about 6%; EchoStar up 5%; Intuitive Machines up over 3%.

Elon Musk's rocket and satellite maker SpaceX is aiming to list its shares as early as June 12 and has picked the Nasdaq as the trading venue for its blockbuster market debut, people familiar with the matter told Reuters on Friday.

Crypto shares slid in premarket trading. SharpLink Gaming down nearly 5%; MARA, Strategy, Circle, BitMine down over 3%.

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