Houston, We Have A Rally: Space Stocks Pop Ahead Of SpaceX Debut
Thursday saw a surge of interest in the space industry, with traders flocking to publicly traded space companies ahead of SpaceX's historic debut on Nasdaq the following day. In particular, Momentus Inc. (MNTS) led the rally, skyrocketing by 28.04% to reach $14.52 on a trading volume of 10.7 million shares, more than double its usual volume. Virgin Galactic Holdings, Inc. (SPCE) also experienced significant growth, jumping 22.61% to $5.78 with a trading volume of 62.9 million shares, nearly three times its average. Voyager Technologies, Inc. (VOYG) climbed by 15.06% to $47.50, while Firefly Aerospace Inc. (FLY) saw a 13.41% increase to $37.90. Additionally, Intuitive Machines, Inc. (LUNR), a key commercial partner of NASA, rose by 12.09% to hit $29.74, showcasing the impact of SpaceX's IPO on companies with government contract exposure. This bullish trend highlights the excitement surrounding the space sector ahead of the SpaceX debut on Nasdaq.
