Virgin Galactic Soars 20%, AST SpaceMobile Rises 7%, Planet Labs Gains 6%, Rocket Lab Advances 5% as Space Stocks Catch a Bid Quick Read – SPCE surged 20% after a debt-for-equity swap retired $30.5M in notes, while SpaceX IPO anticipation lifted the entire space sector. – Rocket…
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Space stocks are catching a strong bid at midday Thursday, June 11. Virgin Galactic (NYSE:SPCE) stock is leading the pack, up 20% intraday on a fresh liquidity catalyst, while sector peers ride a broader wave of enthusiasm into a highly anticipated SpaceX IPO window. AST SpaceMobile (NASDAQ:ASTS) stock is up 7%, Planet Labs (NYSE:PL) stock is up 6%, and Rocket Lab (NASDAQ:RKLB) stock is advancing 5%.
These are intraday moves that can easily shift through the rest of the session. The rally appears to have two distinct drivers operating side by side. A company-specific debt-for-equity swap is fueling Virgin Galactic stock, while broader portfolio positioning ahead of an imminent SpaceX IPO seems to be lifting the rest of the group.