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Stock impact report

SpaceX's IPO could supercharge the entire space industry [Yahoo! Finance Canada]

AST SpaceMobile, Inc. - Class A (ASTS) 
It could also provide a big boost beyond Elon Musk's own rocket company. Shares of Rocket Lab ( RKLB ) surged roughly 10%; Planet Labs ( PL ) jumped more than 10%, and AST SpaceMobile ( ASTS ) climbed even more on the news. The market's reaction provided something of a confirmation that a SpaceX public listing won't just benefit SpaceX shareholders. It could change how the investment world views, and now re-rates, the entire space sector. A ‘Netscape' moment for space? Silicon Valley's past could provide insight for the nascent space industry's future. "We think this is a Netscape moment for the space economy, in the same way that prior to Netscape going public in '95, the internet was this thing that academics and government employees used — it became an institutional-grade asset class after that,” said Chad Anderson, Space Capital founder and CEO, to Yahoo Finance. Anderson believes SpaceX's IPO, like Netscape's, will give the industry more legitimacy. “A lot of capital Show less Read more
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