Virgin Galactic (SPCE) shares climbed over 6% on May 21, 2026.
SpaceX officially filed for a Nasdaq IPO seeking a $1.75 trillion valuation. This filing triggered a sector-wide rally by positioning the commercial space economy as a mainstream investment category.
The momentum counterbalances concerns over Virgin Galactic’s high cash burn highlighted in its Q1 earnings update. Analysts view the SpaceX listing as a catalyst for speculative stocks in the space tourism and aerospace sectors.