Space Stocks Surge on SpaceX IPO Buzz, NASA’s Moon Contracts (2)

Space and satellite-related stocks soared Tuesday as investor enthusiasm around the industry intensified.

Growing excitement around the burgeoning space economy is increasingly favoring companies positioned to benefit not only from Elon Musk’s SpaceXfiling for a public offering, but also from rising enthusiasm for space exploration and increased funding. On Tuesday, NASA picked Jeff Bezos’ Blue Origin and other firms to jump start its lunar base program.

Shares of space infrastructure company Redwire Corp. closed up 26% to $22.04 in New York, and satellite broadband communication company AST SpaceMobile Inc. rose 13% to close at $119.70. Canadian satellite ...