Stocks to Watch: SpaceX, Virgin Galactic, Adobe -- WSJ

Dow Jones17:50

By WSJ Staff

SpaceX $(SPCX)$: Elon Musk's rocket company will make its stock-market debut later today.

Virgin Galactic $(SPCE)$, AST SpaceMobile $(ASTS)$, Rocket Lab (RKLB): Stocks tied to the space industry are jumping premarket.

Adobe $(ADBE)$: The software company plans to focus on its "freemium" AI offerings in an effort to grow its user base at the expense of short-term annualized recurring revenue growth. The company also said that its finance chief was stepping down. Shares fell more than 4% premarket.

Super Micro Computer $(SMCI)$, Micron Technology $(MU)$, Marvell Technology $(MRVL)$, Intel $(INTC)$: Shares of some high-flying companies tied to AI retreated premarket. Analysts suggest that some investors are selling shares of buzzy companies that have surged this year to amass dry powder for SpaceX.

United Airlines $(UAL)$, American Airlines $(AAL)$ and Delta Air Lines $(DAL)$: Shares of airlines advanced premarket as oil prices slid, alleviating concerns of higher jet-fuel prices.

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June 12, 2026 05:50 ET (09:50 GMT)

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