VACQ - 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%.
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Why These 4 Space Stocks Soared on Monday