Space Stocks Maintain Momentum, KULR Technology Surges Over 12%

Stock News05-18

On Monday, space-related stocks continued their strong performance, with KULR Technology Group, Inc. (KULR.US) rising over 12%. Destiny Tech100 (DXYZ.US) gained more than 11%, while Rocket Lab (RKLB.US) advanced over 5%. AST SpaceMobile (ASTS.US) and EchoStar Corporation (SATS.US) both increased by more than 4%. The rally is driven by reports that SpaceX may file for an IPO as early as this week, with roadshows potentially starting in early June. The pricing could occur on June 11, followed by listing on June 12. The company aims to raise up to $75 billion at a valuation exceeding $2 trillion, which could become the largest IPO in global history.

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