US Stock Market Movement | SpaceX Approaches Its Largest Ever IPO, Space Concept Stocks Surge, Momentus Rises Over 24%

Glonghui, June 4 — Space concept stocks soared: Momentus surged over 24%, Virgin Galactic rose over 18%, Redwire gained over 17%, York Space Systems climbed over 7%, while Boeing, GE Aerospace, and Rocket Lab were up nearly 3%. According to reports, a document submitted by SpaceX to the US SEC on Wednesday revealed that it plans to fix the offering price at $135 per share before officially launching its IPO roadshow, aiming to raise $75 billion. At this offering price, SpaceX's valuation would reach $1.77 trillion, making it the seventh-largest listed company in the US, surpassing Tesla’s current valuation of around $1.6 trillion. SpaceX plans to be officially listed on the Nasdaq on June 12. In its prospectus, spanning hundreds of pages, SpaceX pegged its Total Addressable Market (TAM) at an unprecedented $28.5 trillion.