Virgin Galactic stock jumps on SpaceX competition speculation
Investing.com -- Shares of Virgin Galactic (NYSE:SPCE) surged 10% in premarket trading, while Rocket Lab (NASDAQ:RKLB) rose 3.5%, and Boeing (NYSE:BA) saw a modest 0.5% uptick. The movement comes after an analyst suggested these companies could benefit from a potential shift in government funding away from SpaceX.