SPCE is trading 11.3% up at $2.75 as sector enthusiasm grows following news that SpaceX has filed for a Nasdaq IPO.
- The move represents a sharp rebound from recent losses, with investors rotating back into space-related names in anticipation of fresh capital entering the sector.
- SpaceX is reportedly targeting a $1.75 trillion valuation, a figure expected to provide a significant valuation benchmark for the commercial space industry.
- Market participants expect the high-profile filing to renew investor interest and spotlight the growth potential of the broader space economy.