Space stocks trade volatile as SpaceX, Rocket Lab and AST SpaceMobile lead
SpaceX’s record $75 billion IPO sent its stock up 19.2% to $160.95 and triggered a sharp selloff in Rocket Lab, Planet Labs, Intuitive Machines, AST SpaceMobile, and Virgin Galactic, as investors shifted capital to the new sector giant; AST’s June 17 satellite launch is the next key test for space stocks after Friday’s rout.