Space economy growth potential and key players

What happened: Momentus (MNTS) stock surged 100% due to growing excitement around SpaceX's upcoming IPO and increased interest in the broader space economy. PwC estimates the space economy could reach $2 trillion by 2040. AST SpaceMobile and Intuitive Machines are notable players in this growth, with ambitious launch plans and lunar landing achievements. SES (SGBAF) launched a multi-orbit satellite service, expanding its aviation broadband presence. SpaceX's IPO, the biggest in history, further boosted space stocks.

Market impact: The space economy's growth potential is driving investment in space stocks. Smaller space names like Momentus are benefiting from increased attention, while established players like SES are expanding their services. SpaceX's IPO is acting as a catalyst, putting space stocks on the map and attracting more investment. The space sector is seeing increased activity across rockets, satellite networks, and defense spending.

What to watch next: On June 12, SpaceX's IPO will provide a significant catalyst for the space sector. SES's expansion into multi-orbit services will be closely watched, with its next earnings release scheduled for August 4. Additionally, the growing focus on in-orbit servicing and orbital debris removal, led by companies like Northrop Grumman and Maxar Technologies, may present underappreciated opportunities in the long term.