Today: 12 June 2026
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Space Industry 4 June 2026 - 12 June 2026

Virgin Galactic Trades Higher on SpaceX IPO Buzz, SPCE Volume Jumps

Virgin Galactic Trades Higher on SpaceX IPO Buzz, SPCE Volume Jumps

Virgin Galactic soared 21.66% to $5.73 on surging volume as investors snapped up space stocks ahead of SpaceX’s IPO, with the company also redeeming $30.524 million in debt by issuing 6.7 million shares, reducing interest costs but adding dilution; after-hours trading pushed shares up another 13.26% to $6.49, even as Wall Street’s average price target remains below Thursday’s close.
12 June 2026
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Rocket Lab Shares Surge as SpaceX IPO Chatter Returns RKLB to Spotlight

Rocket Lab Shares Surge as SpaceX IPO Chatter Returns RKLB to Spotlight

Rocket Lab soared 9.26% to $114.78 and hit $119.24 after hours as investors piled into space stocks ahead of SpaceX’s $75 billion IPO, despite KGI Securities starting coverage at Neutral with a $105 target and no company-specific news; record Q1 revenue, a $2.2 billion backlog, and upcoming launches keep attention on RKLB as the sector heats up.
12 June 2026
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SpaceX IPO Orders Exceed $250 Billion, But Orbital AI’s The Watch Point

SpaceX IPO Orders Exceed $250 Billion, But Orbital AI’s The Watch Point

SpaceX’s $75 billion IPO has drawn over $250 billion in investor demand, Reuters reports, as buyers scramble for shares amid a heated debate over whether Starship can make orbital AI computing commercially viable; Morningstar values the stock 53% below the IPO price, highlighting major risks as SpaceX posts a $4.3 billion Q1 loss and regulatory scrutiny intensifies ahead of pricing.
10 June 2026
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Redwire Shares Sink Despite Space Strawberry News

Redwire Shares Sink Despite Space Strawberry News

Redwire Corp. plunged 25% this week, closing at $18.45 after Jefferies cut its rating to Hold, citing “limited near-term upside” despite a raised price target; trading was volatile following a new space-agriculture contract and amid a broad selloff in speculative space stocks as investors question if recent contract wins can support the stock’s run ahead of earnings.
7 June 2026
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Planet Labs tops revenue estimates, faces next challenges

Planet Labs tops revenue estimates, faces next challenges

Planet Labs smashed revenue estimates with a record $94.2 million, up 42% year-over-year, as government and defense demand drove backlog up 72% to $906 million, but net loss ballooned to $138.9 million due to a $106.5 million warrant-liability revaluation tied to the share price surge; Planet forecast Q2 revenue of $102–$107 million and adjusted EBITDA profit of up to $5 million.
4 June 2026
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Stock Market Today

  • Jim Cramer Warns on SpaceX IPO Stock Surge Amid Massive Demand
    June 12, 2026, 7:29 AM EDT. Jim Cramer cautioned investors about a possible unsustainable spike in SpaceX stock following its $1.77 trillion IPO debut on Nasdaq under ticker SPCX. The offering was reportedly four times oversubscribed, indicating strong retail demand. Cramer warned that inexperienced investors placing market orders could drive the price higher artificially, risking sharp corrections. This caution contrasts with the "reverse Cramer effect," where his negative calls have historically preceded rallies, as seen with Bitcoin surges. Notably, SpaceX holds about $2 billion in Bitcoin, adding unique crypto exposure for public shareholders. The IPO's impact on both stock and crypto markets remains closely watched by analysts and investors.

Latest articles

Oracle Drops After Surprise AI Costs Challenge Cloud Narrative

Oracle Drops After Surprise AI Costs Challenge Cloud Narrative

12 June 2026
Oracle shares plunged 12% after record Q4 results as investors focused on negative $23.7 billion free cash flow, $43 billion in new debt, and plans to raise $40 billion more to fund AI data-center growth, despite 93% OCI revenue growth and a $638 billion backlog; the next catalyst is proof that heavy AI spending will generate revenue and margins.
OpenAI and Anthropic IPO talk grows as SpaceX sticks to $75 billion mark

OpenAI and Anthropic IPO talk grows as SpaceX sticks to $75 billion mark

12 June 2026
SpaceX’s $75 billion IPO sets a $1.77 trillion valuation benchmark as it prepares to begin Nasdaq trading Friday, more than doubling Saudi Aramco’s 2019 record and making SpaceX one of the most valuable U.S.-listed companies, with the first sessions expected to influence how investors and bankers approach upcoming OpenAI and Anthropic IPOs.
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