BUZZ-Space stocks rise as Donald Trump takes office
ReutersJan 21, 2025 2:43 PM
** Shares of space companies Planet Labs PL.N, Satellogic SATL.O, Rocket Lab USA RKLB.O, Redwire Corp RDW.N up between 7.8% and 17% in early trading
** The space sector is likely to receive a boost from SpaceX CEO Elon Musk's influence over the Donald Trump administration and the move to tap billionaire entrepreneur and private astronaut Jared Isaacman to lead NASA
** If confirmed, the Shift4 Payments FOUR.N founder and CEO will oversee the space administration's $25 billion budget and future missions
** Space-focused ETF ARK Space Exploration & Innovation ETF ARKX.Z rose about 28% in 2024
(Reporting by Akash Sriram in Bengaluru)
((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))
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