Why Stable Road Acquisition Corporation Stock Just Popped

Shares of Stable Road Acquisition Corporation (NASDAQ: SRAC) popped as much as 10.4% in 2 p.m. EST trading Thursday. The special-purpose acquisition company (SPAC) is engineering a reverse-merger IPO to make the space-tug company Momentus a publicly traded entity next year.  

It's not, however, at all clear why this pop is happening.

Image source: Momentus.

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Source Fool.com