Space Stocks Jump With VCX and Virgin Galactic up 12%; Soleno Surges 30% as Neurocrine Nears $2.5 Billion Deal to Acquire It

Space stocks and funds jumped in premarket trading. Fundrise Innovation Fund and Virgin Galactic rose 12%; Firefly Aerospace rose 5%; Destiny Tech100, Rocket Lab, EchoStar, and AST SpaceMobile rose 3%; Viasat, Intuitive Machines, Redwire, and Procure Space ETF rose 2%.

Drugmaker Neurocrine Biosciences is nearing a deal to acquire rare genetics drugmaker Soleno Therapeutics for more than $2.5 billion, the Financial Time reported on Sunday. Soleno shares surged more than 30% in premarket trading.