Why Shares of Stable Road Acquisition Were Higher in January
Stable Road Acquisition (NASDAQ: SRAC), a special purpose acquisition company (SPAC), saw its shares jump 16.4% in January, according to data provided by S&P Global Market Intelligence. The market is growing increasingly excited about Stable Road's merger partner, and is buying in ahead of the deal closing.
In October, Stable Road agreed to merge with Momentus, a privately held space company that intends to offer in-space transportation services. Think of Momentus as a tow company for space, providing services including moving satellites back into their intended orbits and getting space debris out of the way.
Image source: Momentus.
Source Fool.com
