Elon Musk’s SpaceX hasn’t started trading yet, and it is already pulling cash out of the chip stocks retail traders spent the spring chasing.

Shares of satellite and rocketry-related companies worldwide have surged as everything from Starlink component manufacturers to ETFs that own private shares in SpaceX draw strong…

SpaceX long-anticipated initial public offering, which could value the company at about $1.75 trillion, has triggered intense demand from retail investors eager to gain exposure…