Track market-moving stories before they get noisy

ORANGE COUNTY, Calif.--(BUSINESS WIRE)--Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic” or the "Company”) today announced that it will report its financial results for the second quarter of 2026 following the close of the U.S. markets on Wednesday, August 12, 2026. Virgin Galactic will host a conference call to discuss the results that day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). A live webcast and replay of the conference call will be available on the Company's Invest.

© 2022 NASA / Getty Images News via Getty Images

Shares of space stocks are catching a bid Tuesday as the sector rebounds from recent weakness. AST SpaceMobile (NASDAQ:ASTS) stock leads the move with a 12% gain to $64. SpaceX (NASDAQ:SPCX | SPCX Price Prediction) shares are up 7% to $128, Virgin Galactic (NYSE:SPCE) stock is rallying 6% to $2.73, and Rocket Lab (NASDAQ:RKLB) stock is rallying 5% to $69. Meanwhile, the Procure Space ETF (NASDAQ:UFO) is 3% higher at $44.

The risk-on tone arrives after a punishing stretch that saw many space names give back substantial ground. Market watchers appear to be rotating back into the theme on fresh company-specific developments and broader optimism around orbital infrastructure. The move marks a sharp reversal from the sector’s recent selloff.

AST SpaceMobile Strengthens Balance Sheet, Expands Manufacturing Footprint AST SpaceMobile completed a $1.15 billion offering of 1.625% convertible senior notes due 2034. The company secured approximately $983.6 million in net proceeds after the initial close and full option exercise. The notes carry an effective conversion price of $149.20 per share that limits dilution to less than 2% thanks to capped call transactions.

AST SpaceMobile also received approval from Midland officials for a major factory expansion. The planned 400,000-square-foot satellite manufacturing facility could create up to 1,800 jobs and generate significant local tax revenue. The development supports the company’s vertical integration goals for its space-based cellular broadband network.

SpaceX Benefits from Analyst Optimism Amid Post-IPO Digestion SpaceX drew constructive commentary from Macquarie, which views the current SPCX price levels as a prime entry point and reaffirms a $250 price target on the stock. The analysts highlight SpaceX’s integrated advantages in reusable launch, satellite broadband, and AI-related infrastructure. They argue that the post-IPO pullback reflects digestion rather than any change in SpaceX’s fundamentals.

SpaceX CEO Elon Musk has issued pointed remarks aimed at short sellers. The upcoming second-quarter earnings on August 4 could unlock additional shares for early investors. That event adds to the calendar-driven attention on the name.

Rocket Lab, Virgin Galactic Ride the Sector Lift Rocket Lab stock participated in the broader rebound despite limited company-specific news Tuesday. The company’s vertically integrated model continues to draw attention as a potential blueprint for peers seeking greater control over costs and timelines in the launch and satellite business.

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Virgin Galactic stock also advanced as part of the group move. The company operates in a more tourism-focused segment. That focus can introduce different volatility drivers compared with the broadband and launch-heavy names dominating much of the recent conversation.

Procure Space ETF Offers a Diversified Window on the Theme The Procure Space ETF provides exposure across multiple space names without single-stock concentration. The fund holds positions in names such as AST SpaceMobile and Rocket Lab, though it does not own SpaceX. This approach gives investors a smoother ride through sector swings.

The UFO ETF still carries thematic risk tied to the narrow space sector. Investors uncomfortable with individual name volatility may consider the fund as one way to participate in any sustained recovery.

What to Watch Now The bull case for the space group centers on declining launch costs, growing demand for orbital broadband and connectivity, and potential defense budget tailwinds. On the other hand, the bear case points to persistent execution risks, dilution potential from capital raises, and the high volatility inherent in largely unprofitable or early-stage businesses.

Investors can watch for AST SpaceMobile’s progress on the Midland facility and deployment timelines, the outcome of upcoming SpaceX Starship attempts, and any further analyst commentary or earnings updates. Given the elevated beta across these names, investors should consider keeping their position sizes modest while the trade re-prices risk and opportunity.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and AST SpaceMobile didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

SummaryCompaniesMeme-stock ETF rallies but still below IPO priceAI enthusiasm revives speculative trading, questions about valuationsHigh expectations can hamper returnsNEW YORK, July 10 (Reuters) - Investors chasing market themes are learning a familiar lesson: a hot investment doesn't necessarily make for a profitable one.

The Roundhill Meme Stock ETF is up about 35% this year, including a 3.5% rise on Thursday, driven by gains in companies including ​AST Spacemobile (ASTS.O), opens new tab, Terawulf (WULF.O), opens new tab and Lumentum Holdings (LITE.O), opens new tab.

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The AI craze has fueled both a huge rally in the shares of highly profitable chip companies and a return of speculative ‌trading, featuring the embrace of leveraged ETFs, wild moves in smaller stocks and the sense that meme stock season is back.

But the fund, with $20 million in assets, remains below its October 2025 launch price, leaving investors who bought at inception underwater despite the 2026 rebound.

The performance gap highlights a principle often overlooked during periods of market euphoria: investment returns can be driven in the short term by fleeting qualities such as popularity and buzz, but the longer you hold an asset, ​the more factors such as profitability, competitive position and prices paid tend to take precedence.

"If you are looking to invest for the long term, however you define that long term, ​then you need to really understand the fundamentals of the business and what that business could potentially be worth," said Olga Bitel, chief investment ⁠strategist at William Blair Investment Management.

"Just because retail investors participate en masse in these exciting companies and IPOs, doesn't mean you shouldn't do the work and figure out what this thing actually does, ​where it fits into the ecosystem and whether it can deliver on the promises."

Investors still underwaterVALUATION MATTERSThose concerns could apply as well to some of the market's most closely watched companies, including SpaceX (SPCX.O), opens new tab and potential future ​listings by artificial intelligence startups OpenAI and Anthropic.

The companies have captured investor interest through rapid growth and leadership in emerging technologies. But it's unclear that their financial results will match the sky-high expectations any time soon, and history suggests that even good businesses can generate poor returns when lofty expectations feed ultrahigh valuations.

Cisco Systems (CSCO.O), opens new tab became the world's most valuable company at the height of the dot-com boom in 2000, as investors bet it would be a ​primary beneficiary of the internet's expansion. The company succeeded in becoming the dominant player in networking equipment, but investors who bought near the peak waited a quarter century for the stock to reclaim ​its dot-com-era high.

Anthropic and OpenAI may eventually test investor appetite in much the same way. Both command hefty private-market valuations despite remaining unprofitable. In May, Anthropic raised funds at a valuation of $965 billion, putting it ahead of OpenAI, ‌which was ⁠last valued at $852 billion in March.

Anthropic is just closing in on its first quarterly operating profit, as it spends heavily to develop and deploy its AI models. OpenAI also spent more, opens new tab than it made in the first quarter of 2026.

MODELING THE MEME STOCKSHigh expectations aren't the main problem for the meme stocks, which by definition come out of nowhere to catch investors' fancy at times when markets are setting new highs and momentum - the practice of buying assets when they go up and selling when they fall - is the most prominent dynamic. But the memes and the mega-IPOs can be linked by a prevailing ​bull-market belief that the worst mistake you can ​make is to be on the sidelines.

The Meme ⁠Stock ETF closed at $8.41 on Thursday, putting those who bought at launch down about 15%. By contrast, the benchmark S&P 500 (.SPX), opens new tab and the Nasdaq (.IXIC), opens new tab have each gained about 12% in the same period.

The fund's structure reflects that volatility. Its portfolio turns over nearly five times a year — among the highest ​rates on Wall Street — while almost 60% of assets are concentrated in its 10 largest holdings. Such holdings include fuel cell energy developer Bloom ​Energy (BE.N), opens new tab, fiber-optic maker Applied ⁠Optoelectronics (AAOI.O), opens new tab and Australia-based data center company IREN Limited (IREN.O), opens new tab.

Holdings are selected largely on measures of implied volatility and retail-trading interest, effectively making the portfolio a bet on investor sentiment.

"The MEME ETF is designed to provide investors exposure to stocks with the potential for meme-like behavior, and that comes with volatility in both directions," Dave Mazza, Roundhill Investments CEO, said in a statement. "The fund’s inception coincided with the peak of the last retail ⁠cycle, which speaks ​to timing rather than to whether these stocks can deliver strong moves on the upside, as we have seen this ​year."

Markets have repeatedly shown that high expectations can become a burden. Investors who buy at peaks of optimism often find that even strong operating performance is not enough to support elevated share prices.

"The retail army of traders certainly helps trends happen, ​but there's obviously no free lunch in investing," said Will McGough, chief investment officer at Prime Capital Financial.

Reporting by Chibuike Oguh in New York, editing by Colin Barr and Lincoln Feast.

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Chibuike reports on Breaking News, with a focus on finance and markets. He previously covered U.S. private equity firms, and holds master's degrees in journalism from New York University and Edinburgh Napier University.

Space stocks are catching a bid in Friday midday trading. Virgin Galactic (NYSE:SPCE) stock is up 13% to $2.83, AST SpaceMobile (NASDAQ:ASTS) stock is up 9% to $71.72, and Rocket Lab (NASDAQ:RKLB | RKLB Price Prediction) stock is up 5% to $84.40. The synchronized move has reignited a familiar debate on trading desks and financial social media.

The question circulating: is capital finally rotating out of SpaceX (NASDAQ:SPCX) stock and back into the smaller, publicly traded space pure-plays? The price tape says: not necessarily. SPCX stock is essentially flat on the day, trading at $152.40.

That detail is a crucial indicator. A genuine rotation out of one name and into others typically shows the source falling hard while the destinations climb. That’s not the case here, but there are still significant takeaways from today’s price action.

Oversold Bounce After a Brutal Stretch The setup heading into Friday explains the snap-back. Heading into today’s session, Virgin Galactic, Rocket Lab, and AST SpaceMobile had all been under significant pressure, with each name posting sharp declines from recent highs. That kind of coordinated downside drawdown is the textbook setup for a relief rally.

Reddit captured the mood vividly. One r/WallStreetBets post titled “Down $240k in less than a month at 23 thanks to ASTS” drew 4,446 upvotes and 934 comments at peak engagement. An r/stocks thread bluntly asked, “So did we stop caring about Space now?” on the way down.

With these space tickers all down sharply recently and all bouncing on Friday, the cleanest interpretation is a relief rally in beaten-down momentum names. No fresh, group-wide catalyst has been confirmed for SPCE, ASTS, and RKLB today.

SpaceX and the Rotation Thesis For a rotation narrative to hold water, SpaceX stock would sell off rapidly on heavy trading volume while the others rallied. Instead, SPCX is holding steady. That alone undercuts the idea that traders are abandoning the dominant launch-and-compute giant in favor of Virgin Galactic, AST SpaceMobile, or Rocket Lab.

SpaceX also has its own story working in the background. Recent reporting points to massive compute-rental deals, including $1.25 billion per month from Anthropic for roughly 300 megawatts of compute capacity and a separate $920 million per month arrangement with Alphabet‘s (NASDAQ:GOOGL) Google running into mid-2029. Wall Street has been re-rating SpaceX as a hybrid space and hyperscaler story, which makes a sudden capital flight from the name unlikely on any single Friday.

The smaller names are simply more volatile. When sentiment flips, they move further in both directions, which is what today’s tape suggests.

Where the Fundamentals Sit Today The trio bouncing today enters this rally from very different positions. Rocket Lab carries the most institutional weight, posting Q1 2026 revenue growth of 64% year over year and a backlog that recently expanded with a Golden Dome interceptor program selection alongside Raytheon. Rocket Lab’s Neutron debut launch is still targeted for later this year.

AST SpaceMobile is in deployment mode, racing to grow its BlueBird satellite constellation toward roughly 45 satellites in orbit by year-end while reaffirming full-year revenue guidance. Meanwhile, Virgin Galactic sits at the speculative end of the spectrum, with flight testing on track and a first commercial spaceflight targeted for the fourth quarter.

What to Watch Into the Close Prediction-market traders aren’t sold on follow-through. Polymarket’s daily SpaceX direction contract is sitting at a 50-50 split for the next session, and Rocket Lab June price targets on Polymarket cluster between $136 and $152, with $144 the most probable outcome at 3% odds.

Investors can watch for whether today’s gains hold into the close and carry into next week. A single green session after a stretch of declines doesn’t confirm a trend reversal, and these tickers swing violently in both directions on light news.

The takeaway is simple: Friday’s rally reads as an oversold bounce in SPCE, ASTS, and RKLB. Investors should consider keeping their position sizes modest given how speculative this group remains, and watch Monday’s open for the first real test of conviction.

SPCE weekly chart shows bullish reversal of long-term trend Structural Confirmation Across Swing Highs Strength was further confirmed following the breakout, with several reversal signals triggering, above the lower swing highs of $5.23, $6.64, and $8.19. The highest level ($8.19) is more significant, and each level may now act as potential support during a pullback. Although $8.19 was recovered, that level could not be sustained, and the signal did not confirm with a daily close above it, leaving it as an important but not fully validated breakout reference.

Short-Term Stretch, Longer-Term Inflection Certainly, in the short-term SPCE is overbought. But signs of a long-term bullish reversal suggest that a bearish correction will likely resolve to the upside. One question is whether strong demand is retained during a pullback, or whether price action begins to evolve into a deeper corrective phase. There has only been one leg up in the bullish reversal so far, suggesting that, at a minimum, another leg higher should follow.

Trend Structure Defines the Next Phase Importantly, the structure from the initial surge into resistance continues to define the developing trend, and whether SPCE can hold above reclaimed breakout levels will likely determine if this move matures into a sustained uptrend or fades into consolidation.

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Space stocks are splitting hard in Tuesday’s session. Virgin Galactic (NYSE:SPCE) stock is crashing 32% to around $5.08 in mid-morning trading, while AST SpaceMobile (NASDAQ:ASTS) stock climbs 10% to around $116 and Planet Labs (NYSE:PL) stock advances 9% to around $50.50.

The divergence captures the latest chapter in an ongoing space-sector story. Retail-driven proxy trades are unwinding, while operating businesses keep attracting bids.

Settlement News Triggers SPCE Dilution Scare Virgin Galactic received preliminary court approval for a shareholder derivative settlement, and that headline reignited fears around cash runway and additional share issuance. The company had already telegraphed dilution risk through its January 3 capital realignment plan, which paired debt restructuring with fresh stock issuance.

The bull case had been a low-float short squeeze tied to the upcoming SpaceX IPO, while the bear case has always pointed to recurring dilution and pre-revenue operations. Today, the bears won the argument. Virgin Galactic’s Q1 2026 revenue came in at just $227,000, with a $64.72 million net loss and free cash flow of negative $93.31 million.

A Pullback From Parabolic, Not a Thesis Break Context matters here. Even after today’s collapse, Virgin Galactic stock is still up 55% year to date (YTD).

This is a sharp reset from extreme levels in an otherwise stable sector, with the SPCE move isolated to company-specific catalysts. Reddit sentiment confirms the whiplash: WallStreetBets scores swung from a peak of 89 (very bullish) on May 30 to a low of 19 (very bearish) by Monday evening.

AST SpaceMobile Breaks Out on Operating Momentum AST SpaceMobile is a different animal. The satellite-to-cellular operator has real partnerships covering nearly 60 global mobile network operators and 3 billion-plus subscribers, and it reaffirmed FY2026 revenue guidance of $150 million to $200 million. The company is targeting around 45 satellites in orbit by year-end, with BlueBird 8, 9, and 10 launching on Falcon 9 in mid-June.

The numbers behind today’s move are striking. ASTS stock is up 373% over the past year. Today’s breakout suggests buyers are stepping back in after a brief consolidation.

Planet Labs Climbs on Real Revenue Story Planet Labs offers commercial Earth imaging and geospatial intelligence with actual contracts. The most recent quarter showed record revenue of $81.25 million, up 33% year over year, with remaining performance obligations surging 361% to $672.47 million. Government contract wins span NASA, NRO, and NGA Luno B.

Planet Labs stock has rallied 1,209% over the past year, and the chart still looks steadier than SPCE stock’s parabolic episode. It’s parabolic in cumulative return, just less frantic in path. The valuation is now premium, and that’s a real risk investors may want to factor into their position sizing.

Proxy Speculation Versus Operating Exposure The takeaway is the divergence itself: Virgin Galactic stock became a frenzied SpaceX IPO proxy, and a single settlement-driven dilution scare gutted the trade. Meanwhile, AST SpaceMobile and Planet Labs are trading on partnerships, contracts, and satellite deployments. Both names still carry headline risk and rich multiples, so investors can manage their exposure with sensible position sizing rather than chasing strength.

Watch for further SpaceX IPO timing updates, any Virgin Galactic financing disclosures tied to the settlement, AST SpaceMobile operational updates, and Planet Labs’ next contract announcements. Any announcements could shape order flows in the coming days.

To the moon? Perhaps not—but shares of suborbital flight company Virgin Galactic are certainly on a ride this week.

Virgin Galactic Holdings, Inc. (NYSE:SPCE) shares are falling on Tuesday. The descent marks a sharp turn from Monday, when the stock jumped 25.89%.

Broader Sector Rotation Pressures SPCEThe primary driver behind Tuesday's downward price action stems from a sector-wide selloff.

Stock market traders are actively pivoting capital away from alternative space equities to position themselves for the highly anticipated SpaceX initial public offering.

Profit Taking After Multi-Day SurgeTuesday's decline also reflects a standard cooling-off period. The space tourism pioneer experienced a massive 125% rally over the previous five trading sessions.

Fueling the Massive Short SqueezeThe pullback follows an explosive multi-day run where short sellers felt heavy pressure.

Short interest in Virgin Galactic had increased from 21.88 million to 22.71 million shares, leaving 21.77% of the company's float short.

With an average daily volume of 9.15 million shares, bears faced a 2.48-day short-squeeze risk, which aggressively accelerated the upward momentum before Tuesday's reversal.

Legal and Catalyst FrameworkThe stock's recent strength was built upon a successful May 27 VSS Unity glide test and a Jefferies analyst note reaffirming a fourth quarter of 2026 commercial launch roadmap.

Additionally, momentum was amplified after a federal court granted preliminary approval for a settlement resolving two shareholder derivative lawsuits, forcing insurers to pay $2.75 million back to Virgin Galactic.

Critical Levels To Watch for SPCE StockEven after the premarket dip, SPCE is still trading far above its trend gauges: about 99.3% above the 20-day SMA ($3.32) and 106.6% above the 200-day SMA ($3.20).

Momentum is the bigger story right now: the RSI is 90.11, deep in overbought territory.

From a levels standpoint, the 52-week high at $8.90 (set in June) is the obvious upside reference after the recent surge, while the $6.90 area is now the immediate battleground as traders decide whether this is a routine pullback or the start of a deeper mean reversion.

SPCE Price Action: Virgin Galactic Holdings shares were down 37.70% at $4.68 at the time of publication on Tuesday, according to Benzinga Pro data.

Photo: T. Schneider / Shutterstock

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With a targeted valuation of $2 trillion, SpaceX could become the largest IPO in history. As SpaceX's public debut inches closer, investor excitement around the space exploration economy might have just reached a fever pitch.

Among the biggest beneficiaries of space stocks in recent months is Virgin Galactic (SPCE 31.76%). Despite the company's operational struggles and persistent cash burn, Virgin Galactic's shares have gone parabolic in recent trading sessions -- rising from roughly $2 to more than $7 (as of June 1).

This disconnect between business fundamentals and price action raises important questions about market psychology and the risks that come with momentum investing.

Image source: Getty Images.

Why is Virgin Galactic stock going up? The most plausible explanation behind Virgin Galactic's unexpected rise boils down to basic confusion. SpaceX is expected to list on the Nasdaq under the ticker symbol "SPCX." This is just one letter away from Virgin Galactic's ticker, "SPCE."

It's highly likely that some retail investors are mistakenly funneling capital into the wrong name. In fast-moving markets -- especially around high-profile events like an IPO -- mix-ups like this can easily create sharp price jolts that are unrelated to a company's underlying prospects.

SPCE data by YCharts

Adding fuel to the fire is the popularity of meme trading. Some narratives suggest that a successful SpaceX IPO could lift stocks across the broader commercial space industry -- essentially providing a halo effect to adjacent names like Virgin Galactic.

In reality, Virgin Galactic and SpaceX operate in distinct segments. SpaceX primarily focuses on reusable orbital rockets and satellite internet connectivity, while Virgin Galactic is pursuing niche, suborbital space tourism.

Virgin Galactic is a struggling business Make no mistake: Virgin Galactic is hemorrhaging cash as it works through the capital-intensive and technically demanding process of scaling commercial space tourism.

SPCE Free Cash Flow data by YCharts

Indeed, SpaceX has also posted significant operating losses in recent years. But even so, at least the company has built a respectable backlog of government contracts and demonstrated repeated technological success with Starship and Starlink. By contrast, Virgin Galactic has yet to prove it can generate consistent revenue and sustainable free cash flow.

Is Virgin Galactic stock a buy? While momentum investing can deliver outsize short-term gains, it also comes with substantial risks. During rallies like this, stock prices are usually driven by fleeting narratives detached from intrinsic value. This setup often creates sharp reversals once enthusiasm cools down.

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Investors who chase pronounced moves and ignore underlying business fundamentals almost always end up holding the bag once sentiment flips. It's important not to let emotional decision-making or the fear of missing out replace disciplined financial analysis and appropriate risk assessment.

Against this backdrop, Virgin Galactic's newfound price action is not an invitation to buy; rather, it is a cautionary example of how swiftly markets can replace concrete substance with a compelling story. Ultimately, Virgin Galactic is a stock best left to day traders rather than long-term investors focused on wealth creation and capital preservation.

Virgin Galactic Holdings shares are climbing with conviction. What’s behind SPCE gains? Analysts Are Setting Lofty Expectations For SpaceXNew Street Research released its first set of projections for SpaceX and the numbers are enormous. The firm set a $165 price target, which represents 22% upside from the expected IPO price.

They expect SpaceX to generate $195.3 billion in revenue in 2030. Their breakdown includes $9.7 billion from Space, $57.9 billion from Connectivity and $127.7 billion from AI. They see revenue expanding at a 60% compounded annual rate from 2025 through 2030 and estimate earnings per share of $3.30 by 2030.

Why SPCE Is Up TodayVirgin Galactic is rising because the entire space industry is being pulled into the spotlight. The upcoming SpaceX listing has created a wave of speculative buying, and SPCE is a way for traders to position ahead of what could be one of the most influential IPOs of the decade.

SPCE Technical Levels To WatchThe moving‑average layout sends a mixed message. The 20‑day simple moving average is above the 50‑day simple moving average, which supports the short‑term trend. The 50‑day simple moving average remains below the 200‑day simple moving average, which reflects a longer‑term downtrend that began in January.

Momentum adds another layer. MACD is below its signal line and the histogram is negative, which indicates that the recent surge is losing strength compared to the prior upswing. When MACD stays under the signal line, rallies often slow unless buyers step in with enough force to turn momentum back upward.

Key levels help frame the next move:

Key Resistance: $8.90 — the June 52‑week high and the clearest ceiling above current price. Key Support: $4.12 — near the 20‑day exponential moving average, a common first‑pullback zone in strong advances. SPCE Shares Are SoaringSPCE Price Action: Virgin Galactic shares were up 21.23% at $5.71 at the time of publication on Thursday, according to Benzinga Pro.

Image: T. Schneider/Shutterstock

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SPCX stock is open for trading. See the chart and price action here. Short ThesisThe firm’s central thesis: the sector’s entire premium rests on one trade — buy public space proxies before SpaceX goes public via its SPCX listing, then ride the re-rating.

Fugazi argues that trade is about to unwind. 

“When SpaceX begins trading under SPCX, giving capital direct access to the only space company with actual revenue, actual launch dominance, and actual recurring cash flows,” the report states, the structural reason to hold any of the six names at a premium “amounts to zero.”

The TargetsBenzinga reached out to the companies named in the report, but did not immediately receive a response.

Virgin Galactic Holdings, Inc. (NYSE:SPCE): Fugazi points out that analyst consensus for Virgin Galactic's Q2 revenue stands at $244,800 — a figure the firm notes was revised downward 86.67% in just three months. 

The report highlights that Virgin Galactic has guided Q4 commercial flight commencement for four consecutive years, and that the vehicle has completed one unpowered glide test.

Sidus Space, Inc. (NASDAQ:SIDU): Fugazi notes that Sidus Space generates only about $3 million in annual revenue, just raised $100 million and, in the firm’s view, will need to raise more.

The firm points out that cash on hand as of March 31, 2026 stood at $4 million against an accumulated deficit of $75.6 million, with zero revenue and zero space operations. A going concern qualification is already on file.

SpaceX Begins TradingAdding to the sector's woes, investors "sold-the-news" as SpaceX shares opened for trading at $150 per share, according to Benzinga Pro data. 

Traders booked profits on the other space stocks that had run up sharply ahead of the SpaceX IPO. 

SPCX Stock Price Activity: SpaceX shares were up 25.77% at $169.79 at the time of publication Friday, according to Benzinga Pro.

Photo: Shutterstock

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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