Space, Satellite Stocks Rise After Reports SpaceX Filed for IPO

Space and satellite-related stocks rally Wednesday after SpaceX is said to have filed confidentially for an initial public offering, according to people familiar with the matter.

• The rocket, satellite and AI company could seek a valuation in the IPO of more than $1.75 trillion
  • READ MORE: SpaceX Said to File Confidentially for IPO Before AI Rivals (1)
• Among movers:
  • Space-linked names trading higher include Intuitive Machines (+12%), York Space Systems (+11%), Firefly Aerospace (+8.2%)
  • Satellite broadband communication company EchoStar gains (+5.1%), space transportation company Rocket Lab (+6.5%), AST SpaceMobile (+6.0%)
  • Also up Globalstar (+9.3%), Satellogic (+10.2%), and Spire Global (+8.6%) ...