imaginima/iStock via Getty Images Space stocks moved higher in premarket trading Thursday as investors positioned ahead of SpaceX's ( SPCX ) highly anticipated IPO, which is expected to begin trading on Friday and could become one of the largest public offerings in history. The gains were broad-based across the sector, with Firefly Aerospace ( FLY ) rising 6.5%, Momentus ( MNTS ) gaining 6.3%, and...
imaginima/iStock via Getty Images Space stocks moved higher in premarket trading Thursday as investors positioned ahead of SpaceX's ( SPCX ) highly anticipated IPO, which is expected to begin trading on Friday and could become one of the largest public offerings in history. The gains were broad-based across the sector, with Firefly Aerospace ( FLY ) rising 6.5%, Momentus ( MNTS ) gaining 6.3%, and Redwire ( RDW ) advancing 5.7%. Other notable movers included Satellogic ( SATL ) (+5.0%), Intuitive Machines ( LUNR ) (+4.9%), AST SpaceMobile ( ASTS ) (+4.4%), Rocket Lab ( RKLB ) (+4.4%), and Voyager Technologies ( VOYG ) (+4.3%). MDA Space ( MDA ) climbed 2.6%, while EchoStar ( SATS ) added 2.6%, and York Space Systems ( YSS ) rose 1.3%. The rally comes as investors increasingly view SpaceX's debut as a potential catalyst for the broader commercial space industry, drawing new investor attention to the sector and potentially lifting valuations across publicly traded space companies. SpaceX ( SPCX ) is expected to price its IPO on June 11 and begin trading the following day. The company is offering 555.6M shares at $135 each, a deal that would raise about $75B and value the company at approximately $1.8T. The IPO has attracted demand for more than four times the available shares, Bloomberg reported, citing people familiar with the matter. Space-focused ETFs include the Procure Space ETF ( UFO ), ARK Space Exploration & Innovation ETF ( ARKX ), SPDR S&P Kensho Final Frontiers ETF ( ROKT ), VanEck Space Innovators ETF ( JEDI ), and Tema Space Innovators ETF ( NASA ). More on Procure Space ETF, ARK Space & Defense Innovation ETF, etc. Firefly: A High-Growth Space Play Worth Buying The Dip Voyager Technologies, Inc. (VOYG) Shareholder/Analyst Call - Slideshow EchoStar: Spectrum Is Real, But I Wouldn't Chase The Rally Voyager CEO confident NASA will pick company’s space station Musk to discuss Terafab chip plant plans at ASML event
In this article DATABR.FG GOOGL MSFT NOW CRM RIVN PLTR META Follow your favorite stocks CREATE FREE ACCOUNT A slew of U.S. Big Tech and AI companies are racing to expand in London as they look to take advantage of the city's deep talent pools amid a push to develop and commercialize frontier tech. Anthropic and OpenAI both announced they'd taken up larger office spaces in the U.K. capital in recen...
In this article DATABR.FG GOOGL MSFT NOW CRM RIVN PLTR META Follow your favorite stocks CREATE FREE ACCOUNT A slew of U.S. Big Tech and AI companies are racing to expand in London as they look to take advantage of the city's deep talent pools amid a push to develop and commercialize frontier tech. Anthropic and OpenAI both announced they'd taken up larger office spaces in the U.K. capital in recent months. Vibe coding platform Cursor unveiled plans this week to open a London headquarters this summer and Google said it will begin moving teams into a new 11-storey building in Kings Cross in the coming months. Other key U.S. software players, such as Databricks and Salesforce , are also upping headcount or expanding their campuses in the city. Elsewhere, electric vehicle company Rivian and Palantir said in the second half of 2025 they'd also be growing in London. "It's all about talent," Mike Wiseman, head of campuses at British Land, told CNBC. "London has built a deep and mature technology ecosystem over many years, and if you're looking to scale a business internationally, it's one of the few markets globally that can support that level of growth." Deep talent pools After a quiet post-pandemic period, demand from tech companies has returned in London, Wiseman said. That's being driven by a "new generation" of companies that weren't on the radar a few years ago. Growth in the global AI sector has been fuelled by record funding figures over the past couple of years, as investors have rushed to back companies developing the tech. Startups globally have raised $392.1 billion so far this year, according to Dealroom, already dwarfing the previous record year of 2025, when companies secured $215.9 billion. London has emerged as one of the "deepest" pools of frontier AI talent outside of the U.S., Frederic Groussolles, partner at executive search firm Heidrick & Struggles, told CNBC. "A decade of investment anchored by DeepMind, major research labs and leading universities ...
Zubair Al Zubair (left), Muzzammil Al Zubair Two Ohio brothers accused of running a scheme involving local official ties and false royal claims have been sentenced to more than two decades in prison over a $19 million fraud that targeted a Chinese cryptocurrency executive and others. The U.S. Department of Justice said last month that Zubair Al Zubair, 43, was sentenced to 24 years in prison and h...
Zubair Al Zubair (left), Muzzammil Al Zubair Two Ohio brothers accused of running a scheme involving local official ties and false royal claims have been sentenced to more than two decades in prison over a $19 million fraud that targeted a Chinese cryptocurrency executive and others. The U.S. Department of Justice said last month that Zubair Al Zubair, 43, was sentenced to 24 years in prison and his younger brother, Muzzammil Al Zubair, 33, received 23 years. Prosecutors said the brothers carried out schemes involving wire fraud, money laundering, bribery and other offenses. The defendants were ordered to pay about $19.2 million in restitution.