[BiyaPay Analyst: Musk Ignites Space Sector, Momentus Soars Over 109% in a Single Day] BlockBeats News, May 27: Driven by SpaceX's filing of an S-1 registration statement and its anticipated Nasdaq listing on June 12, U.S. space and satellite concept stocks surged across the board. Momentus skyrocketed over 109%, Redwire rose more than 26%, AST SpaceMobile gained 13%, and Firefly Aerospace climbed over 19%. The market believes that SpaceX's planned IPO, with an estimated valuation of approximately $1.75 trillion to $2 trillion, is prompting a revaluation of the commercial space sector. Bank of America's space industry stock basket has risen about 61% year-to-date, while the space-themed ETF UFO is up approximately 70% year-to-date. BiyaPay analysts believe that the anticipation of SpaceX's IPO will boost attention on U.S. tech and aerospace themes, benefiting related space companies such as Rocket Lab and Intuitive Machines. It is understood that BiyaPay supports users in participating in U.S. stocks, Hong Kong stocks, and cryptocurrency trading via USDT, making it easier for investors to seize global asset allocation opportunities. [Original Link]