SpaceX's Starship test drives space stocks higher as IPO nears

Howmet Aerospace

26/05/2026 11:48

** Shares of space companies jump premarket as SpaceX's SPCX.O Starship completes largely successful Starship test flight before IPO

** Intuitive Machines' LUNR.O shares gain 10.2% at $42.17 premarket; Planet Labs PL.N up 9.6% at $48.59 premarket

** Rocket Lab RKLB.O shares add 5.6% at $143.35 premarket, Howmet Aerospace HWM.N up 1.4% at $260.05 premarket

** Newly upgraded Starship debuted on Friday after months of testing delays, deploying a clutch of mock satellites and made a controlled splashdown in the Indian Ocean

** Successful share sale for SPCX could value co at $1.75 trillion, putting Elon Musk on track to become the first trillionaire in history

 (Reporting by Anhata Rooprai in Bengaluru)

 ((Anhata.Rooprai@thomsonreuters.com))