Space stocks gain premarket Wednesday on accelerated SpaceX IPO

Investing.com -- Shares of U.S. space companies rose in premarket trading Wednesday after The Information reported that SpaceX is aiming to file its initial public offering prospectus with regulators later this week or next week.

According to the report, SpaceX could seek to raise more than $75 billion in the IPO.

Sidus Space climbed 2.9%, while Rocket Lab added 3.5%. AST SpaceMobile rose 3.0% and Satellogic gained 3.2%.

Virgin Galactic was up 2.1%, Planet Labs advanced 2.7% and Intuitive Machines climbed 4.5%.

Telecoms company EchoStar, which owns SpaceX stock, rose 6.5%. Destiny Tech100, a fund that invests in privately owned technology companies, surged 17.8%.

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