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SpaceX IPO buzz and aggressive SpaceX projections could lift SPCE sentiment in the near term; the stock already moved higher and trades with key resistance and support levels; momentum is uncertain but the headline-driven move is positive catalysts for SPCE in the short run.
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Virgin Galactic shares rise as space-industry momentum builds around SpaceX's anticipated IPO. New Street Research’s aggressive SpaceX projections underpin upside sentiment for space names, including SPCE, should IPO enthusiasm broaden. Near-term, SPCE faces resistance near $8.90 with support at $4.12 amid mixed momentum signals.
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