Space stocks rise as Donald Trump takes office

Redwire

21/01/2025 14:43

** 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;))