Space related stocks moved higher on Monday after Elon Musk said he is back in Texas working on plans for a SpaceX (SPCX) initial public offering. “We’ve got to get the SpaceX IPO stuff going here pretty soon,” the billionaire said, explaining why he appeared virtually rather than in person at the Samson International Smart Mobility Summit in Tel Aviv. EchoStar (SATS) rose about 5%, Rocket Lab (RKLB) gained roughly 7%, and AST SpaceMobile (ASTS) advanced around 4% in morning trading. The moves come amid renewed interest in the sector following Musk’s comments.
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