On June 12, US space concept stocks collectively rose in pre-market trading. Virgin Galactic increased by over 8%, Rocket Lab by over 7%, and the 'SpaceX concept fund' Destiny Tech100 and Redwire both rose by over 6%. Firefly Aerospace, Sidus Space, AST SpaceMobile, and Momentus saw increases of over 5%, while EchoStar and Intuitive Machines rose by over 4%. In news, Elon Musk's SpaceX confirmed its initial public offering (IPO) of 555.6 million shares, priced at $135 per share, raising $75 billion, setting a record for the largest IPO fundraising in history. SpaceX's IPO shares are expected to begin trading on the Nasdaq this Friday (12th) under the ticker symbol 'SPCX'. At the issue price of $135 per share, SpaceX's market capitalization has reached $1.77 trillion, surpassing Tesla.
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US Space Stocks Rise Pre-Market, Virgin Galactic Up Over 8%
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