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The space industry is enjoying a fresh wave of investor excitement, and the catalyst is none other than Elon Musk’s SpaceX (SPCX). Following its blockbuster Nasdaq debut on Friday, the space giant commanded a staggering valuation of nearly $2.1 trillion, cementing its place among the world's most valuable companies. Investors are looking beyond the billions SpaceX is spending today and betting that its massive investments in satellites, orbital data centers, and artificial intelligence (AI) could deliver enormous rewards down the road.
Moreover, the enthusiasm seems to have spilled across the entire space sector, creating a halo effect for smaller public companies tied to launches, satellites, and orbital services. And one of the biggest winners has been Momentus (MNTS). Shares of the small-cap space company rocketed nearly 43.74% on June 11 as anticipation surrounding the SpaceX debut reached a fever pitch. However, the stock surrendered some of those gains a day later, falling almost 27% after the company announced a $25 million equity offering.
