Friday，Space Stocks Rallied In Premarket Trading. Virgin Galactic Surged Over 9%, Redwire Corp., Rocket Lab USA, Inc., Destiny Tech100 Inc Climbed Approximately 7%, And AST SpaceMobile, Inc. Advanced Over 5%.
Elon Musk’s SpaceX confirmed the pricing of its historic initial public offering (IPO), offering 555.6 million shares at $135 per share to raise $75 billion, marking the largest IPO fundraise in history. SpaceX shares are expected to begin trading on the Nasdaq this Friday (12th) under the ticker symbol 'SPCX.' At the $135 offer price, SpaceX’s market capitalization reaches $1.77 trillion, surpassing Tesla.
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