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Markets2h 12m ago

Virgin Galactic (SPCE) stock soared on Thursday due to heightened optimism for space stocks ahead of the anticipated SpaceX debut on June 12.

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Wall Street

Who
Virgin Galactic (SPCE), AST SpaceMobile (ASTS), Rocket Lab (RKLB), Planet Labs (PL), SpaceX
What
Virgin Galactic (SPCE) stock soared on Thursday due to heightened optimism for space stocks ahead of the anticipated SpaceX debut on June 12.
When
Thu, 11 Jun 2026 21:19:36 GMT · 2h 12m ago
Where
Wall Street ·
Why
Investors are rotating into publicly traded space stocks, such as Virgin Galactic, to gain exposure to the sector before SpaceX's IPO, which is seeking a $1.75 trillion valuation and reshaping how Wall Street views the commercial space sector.
The Frontline Impact

How this affects you

Virgin Galactic stock's significant increase ahead of the SpaceX IPO highlights a broader market enthusiasm for the commercial space sector. This rally provides a boost to Virgin Galactic, which had seen a 35% decline from its recent high, though Wall Street analysts still recommend caution due to its high valuation.

Story chain

19 events in this thread
  1. Markets38m ago
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  2. Markets38m ago
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  3. Markets38m ago
    SpaceX's initial public offering, expected to value the company at roughly $1.7 trillion, is viewed by analysts and executives as a "referendum" on CEO Elon Musk's leadership and investor confidence.
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  4. Markets55m ago
    SpaceX raised a record $75 billion in its initial public offering on Thursday, boosting Elon Musk's net worth to over $1.1 trillion.
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  5. Markets55m ago
    SpaceX's record $75 billion initial public offering (IPO) on Thursday pushed Elon Musk's net worth past $1.1 trillion, making him the world's first trillionaire.
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  6. Currently Reading2h 12m ago
    Virgin Galactic (SPCE) stock soared on Thursday due to heightened optimism for space stocks ahead of the anticipated SpaceX debut on June 12.
  7. Markets3h 46m ago
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  8. Markets4h 20m ago
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  9. Markets4h 44m ago
    Planet Labs PBC shares are climbing Thursday as rotation into commercial space stocks builds ahead of SpaceX's historic IPO.
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  10. Markets4h 48m ago
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  11. Markets4h 57m ago
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  12. Markets4h 58m ago
    US stocks are rallying, and oil prices are falling Thursday after President Donald Trump said he called off his threat to bomb Iran in the evening.
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  13. Markets5h 0m ago
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  14. Markets5h 15m ago
    Space stocks, led by Momentus and Virgin Galactic, rallied ahead of SpaceX’s Nasdaq debut.
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  15. Markets5h 16m ago
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  16. Markets5h 56m ago
    Iran warned the US that attacks on its energy infrastructure, specifically Kharg Island, could destabilize global energy markets and lead to severe consequences.
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  17. Markets6h 11m ago
    President Trump said on Thursday that the US will launch additional attacks on Iran for a second day in a row and threatened to take over Iran’s energy and oil infrastructure.
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  18. Markets6h 51m ago
    Retail investors are selling top AI-performing stocks, especially semiconductors like Micron Technology, Inc. and Advanced Micro Devices, Inc., to raise cash for the SpaceX IPO scheduled for Friday.
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  19. Markets7h 1m ago
    The European Central Bank (ECB) raised interest rates by 25 basis points on Thursday, June 11, marking its first rate increase since 2023.
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