Space Stocks Surge Following Trump Victory: What Investors Need to Know
Leading space stocks are experiencing gains today as the news of Donald Trump’s election victory spreads. During the campaign, Tesla (TSLA) CEO Elon Musk was a notable supporter of Trump, contributing to a sense of optimism within the industry. Investors view Trump’s win as a positive development for space travel, and many stocks are responding accordingly.
Key Space Stock Performances Today
Among the rising stocks, Rocket Lab USA (RKLB) stands out with a 7% increase today, recovering from an early trading dip. The company has had an impressive week, with a 16% rise in just five days. Despite a growing short interest, RKLB’s stock continues to show strong momentum.
In contrast, Intuitive Machines (LUNR) has also gained 5% today, while Virgin Galactic (SPCE) is up by 2%. Although these stocks have not surged as much as Rocket Lab, they have generally trended upwards leading into the election. With Trump’s victory, analysts predict enthusiasm around these companies will likely grow, benefiting their stock prices.
SpaceX, led by Musk, remains busy and is expected to ramp up activities during Trump’s next term. Other companies in the sector may find opportunities for growth if Trump promotes policies favorable to space exploration.
Intuitive Machines: The Top Pick for Investors
Among the space stocks mentioned, Intuitive Machines holds the highest stock rating, according to analysts. With a Strong Buy consensus over the last three months, the stock has attracted five Buy ratings. After a remarkable 156% increase over the past year, the average price target for LUNR is $10.60 per share, indicating a potential upside of 31% from current prices.
Explore additional LUNR stock analyst ratings
While Rocket Lab also holds a Strong Buy consensus, analysts suggest that its average price target of $9.33 indicates a potential 26% downside risk, raising concerns about current valuation levels.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
