Space stocks are—forgive the phrase—skyrocketing in response to the SpaceX IPO. 

In a strong example of “a rising tide lifts all boats,” investor excitement around SpaceX’s record-breaking initial public offering (Nasdaq: SPCX) has brought up the share price of competitors like Virgin Galactic (NYSE: SPCE) and Rocket Lab (Nasdaq: RKLB).

Elon Musk’s rocket company officially priced shares on Thursday and is expected to list its stock on the Nasdaq today (Friday, June 12).  

Here’s how the SpaceX IPO—and subsequent $1.77 trillion valuation—has impacted other space stocks.

How are space companies’ shares responding to the Space X IPO?

As of publication, here’s where things stand: 

Rocket Lab (Nasdaq: RKLB)

• Closed: up 9.26% at $114.78
• YTD as of Thursday’s close: up 64.54%
• Currently: up about 4%

Virgin Galactic (NYSE: SPCE)

• Closed: up 21.66% at $5.73
• Year-to-date (YTD) as of Thursday’s close: up 78.5%
• Currently: down about 9%

Rocket One (Nasdaq: RKTO)

• Closed: up 11.28% at $1.48
• YTD as of Thursday’s close: up 49.49%
• Currently: up about 14%

AST SpaceMobile (Nasdaq: ASTS) 

• Closed: up 11.73% at $97.56
• YTD as of Thursday’s close: up 34.32%
• Currently: up about 2.5%

Astera labs (Nasdaq: ALAB)

• Closed: up 11.07% at $367.47
• YTD as of Thursday’s close: up 120.89%
• Currently: up about 5%

What’s happening with the SpaceX IPO?

Late Thursday, SpaceX told the Securities and Exchange Commission (SEC) that it would be offering 555.6 million shares. With an opening price of $135 per share, the company is set to raise $75 billion after the markets open Friday morning. 

We’ll have to wait and see if it can maintain the price per share throughout the day.