SpaceX Jumps in Debut, EchoStar, AST SpaceMobile & Other Space Companies Fall
About this episode
This episode discusses the stock market's biggest winners and losers, focusing on SpaceX's record IPO and the decline of other space-related companies.
Today's biggest winners and losers in the stock market. On this episode of Stock Movers, we look at some of the week's biggest gainers and decliners: Shares of SpaceX (SPCX) climbed in their first day of trading on Friday following a $75 billion IPO that smashed records and instantly turned the crown jewel of Elon Musk’s business empire into one of the most-valuable public companies in the world. Space Exploration Technologies Corp., as it is officially known, bundles a rocket launching business, the Starlink broadband service and xAI, the AI segment. But much of the excitement about SpaceX — and its lofty valuation — stems from investors’ faith in Musk’s ability to pull off highly speculative ventures like placing data centers in orbit or colonizing space. EchoStar (SATS) and AST SpaceMobile (ASTS) as well as shares of other rocket, satellite and space-related companies declined as investors raced to invest in SpaceX. Procure Space ETF, a fund with a market value of about $1 billion that had gained about 38% so far this year, slid as much as 7.9%. See omnystudio.com/listener for privacy information.
Topics covered
- stock market
- SpaceX IPO
- space companies
- investor behavior
- market trends
Keywords
- SpaceX
- IPO
- stock market
- Elon Musk
- EchoStar
- AST SpaceMobile
- investors
- space companies
- Procure Space ETF
Mentioned in this episode
Organizations: SpaceX, EchoStar, AST SpaceMobile, Procure Space ETF
More episodes of Stock Movers
- Closing Bell: SpaceX Soars, Roku Gains, Space Stocks Decline
- Adobe Falls, Lennar Dips, Medline Slips as Analysts Flag Impact From Facility Fire
- CoreWeave Gains, Lennar Drops, Adobe Falls After CFO Departs
- SpaceX Debuts on NASDAQ; Adobe Reports; Exxon Mobil Dips
- Equinor Falls, Ryanair Gains, Nokia Rises
- Equinor Falls, Ryanair Gains, McBride Drops
Explore listener stats, chart rankings, contacts and more on the Stock Movers podcast page.