Mike Larson | Editor-in-Chief
I just wrote about how BIG the SpaceX Initial Public Offering will be. Now, let’s talk about how BIG an impact the not-yet-launched IPO is having on select stocks and funds!
My MoneyShow Chart of the Day speaks volumes. It shows the five-day percentage change in AST SpaceMobile Inc. (ASTS), Rocket Lab Corp. (RKLB), and the Procure Space ETF (UFO). Put simply: They’re all headed to orbit because investors are looking to cash in on the halo impact of the SpaceX offering!
ASTS, RKLB, UFO (5-Day % Change)
Source: TradingView
I picked those names because one of the contributors to our MoneyShow 2026 Top Picks Report recommended ASTS, while another content partner just wrote about RKLB. ASTS is now the eighth-best performing pick in the 2026 report, with a gain of about 47% since publication.
As for UFO? How can you NOT include an ETF with a ticker like that in a piece about space-related stocks? It owns 53 space-related positions, including both of the stocks above as well as other names like Planet Labs PBC (PL) and ViaSat Inc. (VSAT).
So, do these gains – and the excitement over the “Space Economy” – have staying power?
Well, if SpaceX does raise $80 billion (or more) from investors, it’ll have even more capital to deploy to grow its operations. The federal government is also throwing more money at the US Space Force. Its budget should grow 78% to $71 billion in 2027. Valuations also tend to swell ANY time media attention in a niche group grows and more fast-money traders dive in.
But you should be wary of a potential “sell the news” reaction once the SpaceX offering happens. And as we’ve seen with other groups (think meme stocks), post-hype “splashdowns” can be painful once investor attention shifts to the next "shiny object" in markets. Be sure you know what you’re getting into if you’re chasing these names.
As a trader, are you leaving money on the table by only hiding in US markets — or one group of stocks like big-cap tech? In this MoneyShow MoneyMasters Podcast episode, Cambria Investments CIO Meb Faber breaks down why global markets are setting up for a major shift. He also outlines why the next decade might belong to value, foreign stocks, and yield-focused strategies…rather than the same concentrated group of US mega-caps.
Three different internal indicators have generated sell signals over the past week or so, but the most important indicator – the chart of S&P 500 Index (^SPX) – remains bullish. When these conditions exist, it is usually the chart of SPX that wins out, notes Lawrence McMillan, editor of Option Strategist.
What did you think of today's newsletter?
- Great |
- Not Bad |
- Needs Work
