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Space Stocks Skyrocket After Trump’s Vision for Galactic Domination – What Traders Need to Know!

Hannah Perry | January 22, 2025

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Space Stocks Soar After Trump’s Bold Vision for Space Exploration

Hey Traders on Trend! Buckle up and get ready for some stellar market action because space stocks are skyrocketing! A single electrifying moment during President Trump’s inauguration speech ignited the market, as he championed American dominance in space exploration. His proclamation, “We will pursue our manifest destiny into the stars, launching American astronauts to plant the stars and stripes on planet Mars,” lit a fire under a range of stocks involved in space endeavors. Let’s break it down and see what’s hot in the celestial sector!

Market Reaction: A Day of Gains

Immediately following Trump’s ambitious comments, space exploration stocks saw significant surges. Investors reacted bullishly, with stocks achieving remarkable gains on Tuesday:

  • Intuitive Machines Inc. (LUNR): Up a staggering 23.9%
  • Rocket Lab USA Inc. (RKLB): A colossal climb of 30.3%
  • AST SpaceMobile Inc. (ASTS): Grew by 11.2%
  • Redwire Corp. (RDW): Soared an impressive 51.4%
  • Planet Labs PBC (PL): Up 22.3%
  • Globalstar Inc. (GSAT): Rose by 4.2%
  • Gilat Satellite Networks Ltd. (GILT): Ascended by 5.1%
  • BlackSky Technology Inc. (BKSY): Increased by 3.1%
  • Spire Global Inc. (SPIR): Gained 1.1%
  • Momentus Inc. (MNTS): Climbed 24.7%
  • Virgin Galactic Holdings Inc. (SPCE): Finished the session up 6.6%

Additionally, funds tied to space investments also saw favorable movement. The Destiny Tech100 Inc. fund (DXYZ), boasting SpaceX as its primary holding, jumped 8.4%. The Procure Space ETF (UFO) also shot up by 9%. With these gains, it’s clear that the enthusiasm is palpable!

Elon Musk: The Unstoppable Force

If you thought Trump’s remarks would go unappreciated, think again! SpaceX CEO Elon Musk was front and center, signaling his approval with enthusiastic gestures. Musk epitomized the ambition that Trump spoke of, emphasizing that “Ambition is the lifeblood of a great nation.” He mentioned SpaceX’s objectives to launch multiple uncrewed Starship rockets to Mars by September 2024. Even with recent mishaps, such as the explosive end to the seventh flight test of the Starship, Musk remains undeterred, labeling it merely a “bump in the road.” This is the kind of ambitious spirit investors crave, and it’s certainly reflective in the momentum we are witnessing across the board.

The Bigger Picture

As space exploration takes off, the underlying technology and infrastructure are also set to benefit. The advancements signify a growing appetite for private and commercial space ventures. Companies are not only investing in tech enhancements but also positioning themselves for a future where space travel becomes the norm rather than the exception. Check out what some of the major players are doing:

  • Blue Origin, founded by Amazon’s Jeff Bezos, recently completed a key test of its New Glenn rocket.
  • Several ambitious missions are slated for the upcoming years, which promise ample opportunities for growth.

What’s Next for Traders?

With the enthusiasm for space exploration at an all-time high, traders need to keep a close eye on the stocks making moves during this cosmic renaissance. Here are a few actionable insights:

  • Consider stocks like Rocket Lab (RKLB) and Intuitive Machines (LUNR) for potential long-term holds as they pave the way in the field.
  • Watch for volatility – space stocks could be sensitive to news regarding launches, government contracts, and technological breakthroughs.
  • Utilize the momentum indicators and consider buying on dips, especially if key levels hold strong.

Conclusion

So, strap in, traders! The space race is heating up again, and with ambitious leadership at the helm, we can anticipate even more thrilling developments. As we pursue our “manifest destiny” among the stars, remember: opportunities abound in the sky! Keep your portfolio nimble and ride that momentum. Happy trading!