US Stock Market Move | Space concepts are largely on the rise, with Virgin Galactic (SPCE.US) rising nearly 20%.
On Thursday, most space stocks rose.
On Thursday, most space-related concepts were on the rise, with Virgin Galactic (SPCE.US) up nearly 20%, Redwire (RDW.US) up nearly 15%, "SpaceX Concept Fund" Destiny Tech100 (DXYZ.US) up over 7%, Planet Labs PBC (PL.US) up nearly 4%, and Rocket Lab (RKLB.US) up over 2%. In terms of news, Elon Musk's SpaceX is planning to go public on Nasdaq on June 12 with the stock code "SPCX", which could potentially create the largest IPO in history. The company plans to raise $7.5 billion through the IPO, more than double the previous record. SpaceX has started its IPO roadshow and plans to issue 555,555,555 shares of Class A common stock to the public at an estimated price of $135 per share, allowing retail investors to participate at the same price as large institutions.
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