Several leading space stocks are soaring today on news of Donald Trump’s election victory. Throughout the campaign, Tesla (TSLA) CEO Elon Musk has emerged as one of his most prominent supporters. As a result, Trump’s victory is seen as highly bullish for the industry, as he is considered the more pro-space travel candidate. Now, many space stocks are rising steadily today on momentum from his victory.
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Does this mean that space stocks are likely to keep rising as the U.S. economy prepares for the next Trump presidency? The short answer is yes. Let’s take a look at a few of the sector’s top companies and assess what investors could be expecting.
Which Space Stocks Are Rising Today?
Of the space stocks rising today, Rocket Lab USA (RKLB) is outperforming its peers. The space exploration startup is up 7% despite an early trading dip, and its current trajectory suggests it will keep trending upward. RKLB has enjoyed a strong trading week, rising 16% over the past five days. While short interest has also been rising, the stock hasn’t slowed down.
Meanwhile, as of this writing, Intuitive Machines (LUNR) is up 5% for the day, and Virgin Galactic (SPCE) is up 2%. Neither space stock has performed as well as Rocket Lab lately but both have mostly trended upward on pre-election momentum. Now that Trump has won, all three companies are likely to continue rising as enthusiasm builds for Trump’s time in office and Wall Street sentiment shifts toward the space sector.
Musk’s SpaceX has been busy lately and will likely be even busier in 2025 as Trump takes office. While other space companies don’t have a CEO with Musk’s reach or influence, there will likely be room in 2025 and beyond for them to continue growing if Trump adopts pro-space policies.
Which Space Stock Is the Best Buy for a Trump Term?
Of the aforementioned space socks, Intuitive Machines has the highest rating and upside combination. Analysts have a Strong Buy consensus rating on LUNR stock based on five Buys assigned in the past three months, as indicated by the graphic below. After a 156% rally in its share price over the past year, the average LUNR price target of $10.60 per share implies 31% upside potential.
See more LUNR stock analyst ratings
While Rocket Lab also boasts a Strong Buy consensus, the stock’s average price target of $9.33 implies 26% downside potential, suggesting that the stock may be overvalued at its current levels.
