European satellite and space companies surged as investor excitement over a potential SpaceX IPO rippled through the sector. Eutelsat Communications, the French satellite operator, jumped more than 17% to hit a one-year high. Across Germany, satellite developer OHB climbed almost 12% to reach an all-time high, reflecting strong demand for space-related equities.

The rally extended to funds holding SpaceX stakes. Scottish Mortgage Investment Trust, a listed closed-ended fund with a SpaceX position valued around $4 billion, also posted gains. The market is clearly pricing in the potential for a SpaceX public offering to reshape the space investment landscape and unlock value for existing shareholders.

For investors, the move signals that even peripheral exposure to SpaceX through satellite peers and investment vehicles now commands premium valuations. The sector rally shows how much financial weight a single IPO can carry across an entire industry.