Space stocks gained strongly on June 11, with Virgin Galactic leading a 20% intraday rise after completing a debt-for-equity swap to improve liquidity and reduce debt risks. Other space companies like AST SpaceMobile, Planet Labs, and Rocket Lab also rose 5-7% amid excitement ahead of the anticipated SpaceX IPO. The rally reflects both company-specific moves and broader sector enthusiasm, but these stocks remain volatile and mostly unprofitable. Investors should watch upcoming milestones and the SpaceX IPO debut for further direction.
US stock futures rose after a softer-than-expected Consumer Price Index (CPI) report reduced the chances of a Federal Reserve rate hike in July. The market now awaits today's Producer Price Index (PPI) data, which could either confirm easing inflatio...
The FAA has approved SpaceX to resume Starship prototype flights after identifying the cause of a booster failure in May. The next launch, planned for July 16, will be the second flight of the Starship V3 and will carry the first third-generation Sta...
