SpaceX's Starship test lifts space stocks as IPO nears

Planet Labs PBC

26/05/2026 15:55

Updates
** Shares of space companies jump after SpaceX's next-generation Starship rocket completes largely successful test flight ahead of IPO
** Intuitive Machines LUNR.O shares jump 13.7% to $43.58, Planet Labs PL.N up 12.7% at $50
** Rocket Lab RKLB.O shares rise 4.5% to $141.90, Howmet Aerospace HWM.N up 2% at $261.8
** Redwire RDW.N surges 26.2% to $22.12, Firefly Aerospace FLY.O gains 17.2% to $57.89, while Voyager Technologies VOYG.N jumps 7.5% to $47.97
** AST SpaceMobile ASTS.O surges 17% to $123.91, York Space Systems YSS.N up 20% at $34.71, Virgin Galactic SPCE.N climbs 8% to $3.52
** 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 SpaceX could value co at $1.75 trillion, putting Elon Musk on track to become the first trillionaire in history

 (Reporting by Anhata Rooprai and Ragini Mathur in Bengaluru)
 ((Anhata.Rooprai@thomsonreuters.com))