Several pure-play space stocks rallied 20% or more this week, in part driven by what sector analysts called a"Trump-Elon trade."
This past week saw several pure-play space stocks rally, with leaders up as much as 20% or more, in part driven by what sector analysts said is a"Trump-Elon trade," a nod to the relationship between President-elect"I don't think anyone can underplay the potential catalyst that I don't think many people were talking about before: the most important human in the history of the space industry having the ear of the president-elect, who in his past term found space important...
Alex King, CEO of Cestrian Capital Research, said that gap represents a changing of the guard between the generations of space companies. Despite the huge year-to-date gains by the top space performers, Sheppard doesn't see the sector slowing down any time soon.