After Elon Musk's SpaceX company merged with xAI at a valuation of $1.25 trillion, US space stocks rose in pre-market trading.

Musk announced the merger of SpaceX and xAI, with the merged entity valued at $1.25 trillion. Subsequently, US space stocks rose in pre-market trading on Tuesday. Rocket Lab and Planet Labs' stock prices rose by about 3% in pre-market trading, while AST SpaceMobile and Globalstar's stock prices rose by 2.4% and 1.3% respectively. Intuitive Machines rose by 2.1% and Redwire rose by 4.9%.