EchoStar led the surge in premarket activity, climbing 6.1% to reach $135.99. The optimism spilled over into broader space-tech holdings, with Rocket Lab shares rising 5.1% and AST SpaceMobile recording a 3.2% increase. Redwire also saw positive momentum, moving up 2% during the session.

The market movement follows SpaceX’s massive capital raise, in which the firm sold 555.6 million shares priced at $135 apiece. By securing $75 billion in fresh liquidity, the company has solidified its standing as a titan of the industry. While the firm maintains a diverse operational footprint, its primary revenue streams remain anchored in its satellite internet division, supplemented by an emerging artificial-intelligence business.