Workflow
Space stocks saw big gains this week in part due to 'Trump-Elon trade' rally, analysts say
ASTSAST SpaceMobile(ASTS) CNBC·2024-11-15 22:00

Core Insights - Recent rally in pure-play space stocks, with some leaders gaining over 20%, attributed to a "Trump-Elon trade" reflecting the relationship between President-elect Donald Trump and SpaceX CEO Elon Musk [1][2] - The influence of President-elect Trump on the space industry is significant, as he previously established a separate military branch focused on space [2] - Notable stock performance includes Rocket Lab up 41%, Intuitive Machines up 28%, and Spire Global up 26%, driven by third-quarter results and strategic updates [3] Market Sentiment - Broader market sentiment is contributing to the rally, with analysts noting a "risk-on" environment following Trump's election victory [4] - Year-to-date performance shows top space stocks have rebounded significantly, with some tripling or quadrupling in value [4][5] - Increased interest from institutional investors is noted, recognizing the growth potential in the space market driven by national security and ambitious space programs [6]