Why These 4 Space Stocks Soared on Monday

Rich Smith, The Motley Fool
·3 min read
Why These 4 Space Stocks Soared on Monday

Vector Acquisition (NASDAQ: VACQ), a previously little-known special purpose acquisition vehicle, or SPAC, that went public three months ago, roared to life on Monday, surging 36.5% by noon EST -- and pulled the rest of America's nascent "new space industry" higher with it. The reason: At long last, Vector is bringing space company Rocket Lab public. In addition to Vector, as of noon, we saw shares of Virgin Galactic (NYSE: SPCE) up 4%, Holicity (NASDAQ: HOL) up 15.6%, and Stable Road Acquisition (NASDAQ: SRAC) up 19%.