European Space Stocks Soar as SpaceX IPO Excitement Spreads

Dow Jones05-21 20:21

By Joe Stonor

Shares in European satellite companies soared Thursday as excitement around SpaceX's promised initial public offering spread to the continent.

French satellite operator Eutelsat Communications jumped over 17% to a one-year high. In Germany, satellite developer OHB's stock hit an all-time high after climbing 11.6%.

The gains extend a wild run in the companies' shares so far this year. Eutelsat shares have more than doubled year-to-date, while OHB shares have risen four-fold over the same period.

Elsewhere, shares in Luxembourgish satellite group SES rose 2.65% to a four-year high.

The gains come after Elon Musk-run SpaceX filed an investor prospectus Wednesday, firing the starting gun on an IPO poised to be the largest in history. The company is on track to start selling shares in mid-June.

Eutelsat is considered a European competitor of SpaceX, XTB research director Kathleen Brooks said, though Eutelsat's 4.05 billion euros ($4.71 billion) market capitalization is a fraction of SpaceX's.

The Texas-based company had a valuation of $1.25 trillion following its combination with Musk's artificial-intelligence company xAI earlier this year, The Wall Street Journal reported.

SpaceX enthusiasm is also likely a boon for some European investment companies. Shares in Scottish Mortgage Investment Trust--a listed closed-ended fund that holds a SpaceX stake worth around 2.98 billion pounds ($4 billion)--gained 1.4%.

Write to Joe Stonor at josephmichael.stonor@wsj.com

(END) Dow Jones Newswires

May 21, 2026 08:21 ET (12:21 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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In Germany, satellite developer OHB's stock hit an all-time high after climbing 11.6%.The gains extend a wild run in the companies' shares so far this year. Eutelsat shares have more than doubled year-to-date, while OHB shares have risen four-fold over the same period.Elsewhere, shares in Luxembourgish satellite group SES rose 2.65% to a four-year high.The gains come after Elon Musk-run SpaceX filed an investor prospectus Wednesday, firing the starting gun on an IPO poised to be the largest in history. The company is on track to start selling shares in mid-June.Eutelsat is considered a European competitor of SpaceX, XTB research director Kathleen Brooks said, though Eutelsat's 4.05 billion euros  market capitalization is a fraction of SpaceX's.SpaceX enthusiasm ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IPO001":"SpaceX(临时代码)","DXYZ":"Destiny Tech100 Inc","XOVR":"ERShares Private-Public Crossover ETF","SPCX":"SPAC and New Issue ETF","UFO":"Procure Space ETF","EPV":"ProShares UltraShort MSCI Europe","IPOS":"Renaissance International IPO ETF"},"translate_title":"随着SpaceX IPO兴奋情绪蔓延，欧洲航天股飙升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XOVR":1.5,"SPCX":1.5,"IPOS":1.5,"EPV":1.5,"UFO":0.6,"IPO001":1.5,"DXYZ":1.5},"content_text":"By Joe Stonor \n\n\n \n\n\n  Shares in European satellite companies soared Thursday as excitement around SpaceX's promised initial public offering spread to the continent. \n\n\n  French satellite operator Eutelsat Communications jumped over 17% to a one-year high. In Germany, satellite developer OHB's stock hit an all-time high after climbing 11.6%. \n\n\n  The gains extend a wild run in the companies' shares so far this year. Eutelsat shares have more than doubled year-to-date, while OHB shares have risen four-fold over the same period. \n\n\n  Elsewhere, shares in Luxembourgish satellite group SES rose 2.65% to a four-year high. \n\n\n  The gains come after Elon Musk-run SpaceX filed an investor prospectus Wednesday, firing the starting gun on an IPO poised to be the largest in history. The company is on track to start selling shares in mid-June. \n\n\n  Eutelsat is considered a European competitor of SpaceX, XTB research director Kathleen Brooks said, though Eutelsat's 4.05 billion euros ($4.71 billion) market capitalization is a fraction of SpaceX's. \n\n\n  The Texas-based company had a valuation of $1.25 trillion following its combination with Musk's artificial-intelligence company xAI earlier this year, The Wall Street Journal reported. \n\n\n  SpaceX enthusiasm is also likely a boon for some European investment companies. Shares in Scottish Mortgage Investment Trust--a listed closed-ended fund that holds a SpaceX stake worth around 2.98 billion pounds ($4 billion)--gained 1.4%. \n\n\n \n\n\n  Write to Joe Stonor at josephmichael.stonor@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 21, 2026 08:21 ET (12:21 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2637335910","isCrawlerRequest":true}