US Stock Market Move | Space stocks are on the rise again, with Planet Labs PBC (PL.US) surging by 33%.
On Thursday, US stocks related to the space industry rose again.
On Thursday, space concept stocks in the US stock market rose again, with Planet Labs PBC (PL.US) soaring 33%, Destiny Tech100 (DXYZ.US) rising by over 10%, EchoStar Corporation Class A (SATS.US), and Rocket Lab (RKLB.US) rising by over 4%. In terms of news, SpaceX is planning to IPO as early as the second half of 2026, raising over $30 billion, with an estimated valuation of about $1.5 trillion. The funds will be used for space data centers and chip purchases. The company expects to generate $15 billion in revenue in 2025, increasing to $22-24 billion in 2026.
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