US-listed space-linked stocks rise after SpaceX's strong Q3 results
Yesterday 11:14
BUZZ-US-listed space-linked stocks rise after SpaceX's strong Q3 results ** US-listed space-linked stocks rally premarket after SpaceX SPCX.O reports first quarterly profit as publicly traded company
** SpaceX surges 10%+ after Q3 revenue of $14.6 bln far outpaces est. $12.72 bln - data compiled by LSEG
** US space cos up 2-5%: Firefly Aerospace FLY.O, Rocket Lab RKLB.O, Intuitive Machines LUNR.O, Virgin Galactic SPCE.K
** Satcomms firm EchoStar SATS.O, holding SPCX shares, jumps 5.5% — among biggest gainers
** Morningstar raises SPCX fair value to $70 from $62 on data-center scaling above expectation
** SpaceX-Tesla TSLA.O merger "a good idea," - Elon Musk; cos form committees to discuss
** SPCX up 9%+ since June IPO vs UFO up 2%, ARKX ~4% YTD
(Reporting by Jayasree Prabhu)