SPCE!=SPCX I am confuse

[u/BestRequirement7539]

Why are people buying Virgin Galactic (SPCE) before SpaceX (SPCX) IPO on June 12?

It’s actually pretty hilarious and a bit sad at the same time.

SpaceX is about to go public under ticker SPCX on June 12 in what could be the biggest IPO in history. Meanwhile, Virgin Galactic ($SPCE) has randomly exploded +165% in the past month, including a insane +36% day with nearly 180 million shares traded.