Space stocks go into orbit as Musk mega IPO nears lift-off
21/05/2026 09:42
May 21 (Reuters) - European space stocks surged on Thursday, buoyed by investor excitement after Elon Musk's SpaceX filed for a stock market listing, lifting sentiment across the sector. Shares in French satellite operator Eutelsat jumped 10% in early trading, while German satellite maker OHB rose 12% and Luxembourg's SES gained 3.5%. Eutelsat and OHB have risen 20% and 32%, respectively, this week. SpaceX's initial public offering (IPO) filing on Wednesday is driving positive sentiment for European satellite stocks, one trader told Reuters. (Reporting by Gianluca Lo Nostro and Danilo Masoni; Editing by Matt Scuffham) ((gianluca.lonostro@thomsonreuters.com;))
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