Space stocks rise after report of Musk's SpaceX confidentially filing for US IPO

Howmet Aerospace

01/04/2026 16:47

** Shares of U.S. space companies rise after Bloomberg News reports Elon Musk's SpaceX has confidentially filed for an initial public offering

** Shares of Intuitive Machines LUNR.O, Planet Labs PL.N and Howmet Aerospace HWM.N climb 9.1%, 8.5% and 3%, respectively

** Tuttle Capital Space Industry Income Blast ETF SPCI.Z and Roundhill Space and Technology ETF MARS.Z rise 5.2% and 5.7%, respectively

** Telecoms company EchoStar SATS.O, which owns SpaceX stock, up 2.9%

** Destiny Tech100 DXYZ.N, a fund that invests in privately owned technology heavyweights, surges 7.7%

** The public offering could value the company at $1.75 trillion, Reuters has reported

** Separately, space stocks are also under the spotlight as NASA is set to launch four astronauts on a 10-day flight around the moon, marking the most ambitious U.S. space mission in decades

 (Reporting by Niket Nishant in Bengaluru)

 ((Niket.Nishant@thomsonreuters.com))