Space stocks rally on Trump speech, promises to go to Mars

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Josh Lipton and Julie Hyman

Tue, Jan 21, 2025, 1:20 PM

Space stocks — Intuitive Machines (LUNR), Rocket Lab (RKLB), AST SpaceMobile (ASTS), Virgin Galactic (SPCE), Globalstar (GSAT) — rallied Tuesday afternoon following President Trump's endorsement of space exploration initiatives. During his inaugural speech, the new president pledged to "pursue our Manifest Destiny into the stars" by sending astronauts to Mars.

Market Domination hosts Julie Hyman and Josh Lipton analyze how the space industry is reacting to Trump's policy promises.

To watch more expert insights and analysis on the latest market action, check out more Market Domination here.

This post was written by Angel Smith