🚨🇺🇸 The SpaceX IPO filing just set the entire space sector on fire🔥
Space and satellite stocks surged across the board today as investors piled into anything orbit-adjacent.
Redwire closed up 26%, Firefly Aerospace jumped 19% after NASA picked its spacecraft for a moon mission, AST SpaceMobile rose 13%, and MDA Space climbed nearly 5%.
A Bank of America basket of space-race stocks posted its biggest one-day gain in over a year and is up 57% on the year, crushing the S&P's 9.8%.
Elon's filing, targeting up to $75 billion at a rumored $2 trillion valuation, is the gravity pulling all of it upward.
When the biggest private company on earth opens its doors to public investors, every smaller player in its orbit suddenly looks like the next big thing.
Source: Bloomberg
@SpaceX