Space stocks collectively "take off" in pre-market trading! The market bets on SpaceX's blockbuster IPO, igniting expectations with four times oversubscription.

As SpaceX's largest IPO in history approaches, market funds are flowing into the space economy sector ahead of time, with several related stocks seeing significant gains in pre-market trading on Thursday. Investors generally expect that this listing will serve as a catalyst for the revaluation of the commercial space industry. The IPO is expected to begin trading on Friday and is poised to become one of the largest public offerings in history. Investors are positioning themselves ahead of SpaceX's highly anticipated initial public offering (IPO). The sector is on the rise, with Firefly Aerospace (FLY.US) up 6.1%, Momentus (MNTS.US) up 5.82%, and Redwire (RDW.US) up 4.37% as of the time of writing. Other notable gainers include: Satellogic (SATL.US) up 5.0%, Intuitive Machines (LUNR.US) up 4.9%, AST SpaceMobile (ASTS.US) up 4.4%, Rocket Lab (RKLB.US) up 4.4%, and Voyager Technologies (VOYG.US) up 4.3%. MDA Space (MDA.US) is up 2.6%, EchoStar (SATS.US) up 2.6%, York Space Systems (YSS.US) up 1.3%. SpaceX is expected to set the IPO price on June 11, with trading commencing the next day. The company plans to issue 555.6 million shares at a price of $135 per share, raising approximately $75 billion and valuing the company at around $1.8 trillion. According to sources, the IPO has received over four times the subscription demand compared to the issuance amount. Analysts point out that the significance of SpaceX going public goes beyond the individual company, as it will set a valuation benchmark for the commercial space industry. Investors increasingly view SpaceX's listing as a potential catalyst for the entire commercial space industry, attracting new attention and potentially increasing the overall valuation of already listed space companies. Currently, most publicly traded space companies are small to medium-sized, lacking a clear leader. SpaceX's staggering valuation of $1.8 trillion exceeds that of any currently listed space company, and its pricing multiple will have a ripple effect on the entire sector. Investors are positioning themselves in peer companies ahead of time to capture the opportunity of rising valuations. Furthermore, the successful IPO of SpaceX is expected to attract more mainstream attention to the space economy sector, which has been seen as a high-risk, long-term investment theme in the past. SpaceX's capital operation will enhance its visibility and credibility. Space-themed exchange-traded funds (ETFs) include: Procure ETF Trust 2 Space ETF (UFO.US), ARK Space and Defense Innovation ETF (ARKX.US), SPDR Series Trust S&P Kensho Final Frontiers ETF (ROKT.US), etc.