Shares of space and satellite companies surged in premarket trading on Tuesday, extending the sector’s recent rally following SpaceX’s public filing for what is expected to become the largest initial public offering ever launched.
Redwire (NYSE:RDW) climbed 15% ahead of the opening bell, while MDA Space (NYSE:MDA) advanced 13%.
Aerospace and satellite firms extend sector momentum
Firefly Aerospace (NASDAQ:FLY) gained 11% in premarket activity, while Intuitive Machines (NASDAQ:LUNR) rose 8.6%.
Meanwhile, AST SpaceMobile (NASDAQ:ASTS) added 6.4%, and both York Space Systems (NYSE:YSS) and Voyager Technologies (NYSE:VOYG) moved 7.5% higher.
Shares of Satellogic (NASDAQ:SATL) gained 5.2%, while EchoStar (NASDAQ:SATS) rose 4.2%.
SpaceX filing continues to fuel investor enthusiasm
The broader sector has been gaining momentum since SpaceX officially filed for its anticipated IPO, an event widely expected to become the largest stock market debut on record.
Redwire Corporation stock price
Intuitive Machines stock price
York Space Systems stock price