Chart Of The Day: SpaceX Hype Sends Space Stocks Into Orbit
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Chart Of The Day: SpaceX Hype Sends Space Stocks Into Orbit

Seeking Alpha10d ago

They're all headed to orbit because investors are looking to cash in on the halo impact of the SpaceX offering!

I just wrote about how big the SpaceX (SPCX) Initial Public Offering will be. Now, let's talk about how big an impact the not-yet-launched IPO is having on

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Anticipation of the SpaceX IPO has fueled sharp short-term gains in ASTS, RKLB, and UFO as investors seek exposure to the space sector's momentum.

A 'sell the news' reaction is possible, with risk of sharp pullbacks as investor attention fades, similar to past hype-driven sectors.

Potential $80 billion in new SpaceX capital and a projected 78% increase in the US Space Force budget by 2027 could support ongoing sector growth.

Originally published by Seeking Alpha

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