economy
European Space Companies Record Growth
Shares of European companies in the space and satellite sector have significantly increased today, after SpaceX filed for an IPO.
TL;DR
- European space and satellite company shares increased significantly after SpaceX filed for an IPO.
- Investors expect SpaceX's IPO could lead to a valuation exceeding one trillion dollars.
- Eutelsat shares rose by 16%, OHB by 12%, and SES by 2.3%.
- Eutelsat's market value increased by 26% and OHB's by 33% since the start of the week.
- American space companies like Intuitive Machines, Rocket Lab, and Firefly Aerospace have also seen significant growth this year.
- SpaceX estimates the total potential market for its services at $28.5 trillion, including $1.6 trillion for Starlink.