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Space stocks rally on June 11 as SpaceX IPO nears and Virgin Galactic executes debt swap
- Space exploration equities rallied on June 11, 2026, coinciding with SpaceX's IPO pricing and broader market recovery.
- Momentus led the sector with a 28.04% surge to $14.52, while Virgin Galactic gained 22.61% to $5.78 following a debt-for-equity swap; other peers including Spire Global and Satellogic posted gains around 20%.
- The sector-wide movement reflects multiple drivers: company-specific capital actions, SpaceX IPO positioning, and a broader market rebound on geopolitical relief.
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Conclusion
Daily percentage changes on June 11, 2026: MNTS (+28.04% to $14.52), SPCE (+22.61% to $5.78, volume 62.9M), SPIR (+20.89%), SATL (+19.75%), ASTS (+11.73%), PL (+11.23%), and RKLB (+9.26%). Virgin Galactic's gain followed a June 10 debt-for-equity exchange where the company redeemed $30.5M of First Lien Notes by issuing 6.7M shares. Broader market rallied on U.S.-Iran peace talk developments.