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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