Space and satellite-related stocks soared Tuesday as investor enthusiasm around the industry intensified following last week’s SpaceX initial public offering. Shares of space infrastructure company Redwire jumped 26%, satellite broadband communication company AST SpaceMobile surged 13% and rocket and spacecraft maker Firefly Aerospace rose 19%. Growing excitement around the burgeoning space economy is increasingly favoring companies positioned to benefit not only from SpaceX’s debut, but also from rising enthusiasm for space exploration and increased funding.
Space stocks surge after SpaceX IPO
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Author:Herculis Gold Coin ($XAUH)
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