Trump "I will plant the American flag on Mars"... US space-related stocks surge

Intuitive Machines up 24%, Rocket Lab up 30%
Spacecraft and rocket development companies see stock surge after Trump's Mars speech

UPI Yonhap News

U.S. President Donald Trump mentioned Mars colonization in his inaugural address, causing a surge in the stocks of space-related companies on the American stock market.

On the 21st (local time) at the New York Stock Exchange, shares of U.S. space companies Intuitive Machines and Rocket Lab rose by 23.93% and 30.29%, respectively, compared to the previous trading day.

Intuitive Machines is the first private company to have achieved a lunar landing. Its unmanned lunar lander, "Odysseus," successfully landed on the Moon in February last year. Rocket Lab is also regarded as a leading rocket company in the small satellite launch market.

The stock of "Destiny Tech 100," a fund investing in SpaceX led by Elon Musk, also rose by 8.38%. SpaceX, which develops large rockets and spacecraft aimed at Mars exploration and colonization, is a privately held company not listed on the stock market.

The rise in their stock prices is interpreted as a reaction to President Trump's mention of Mars colonization in his inaugural speech the day before. President Trump said, "We will send American astronauts to Mars and plant the American flag there. The pioneering spirit is engraved in our hearts."

In response to the sharp rise of some space-related companies, Wall Street advises caution regarding short-term volatility. Walter Todd, Chief Investment Officer (CIO) of Greenwood Capital Associates, warned, "With the start of Trump's second term, the market appears to be very sensitive to headlines coming from the new administration," adding, "This could increase volatility in the financial markets."

This content was produced with the assistance of AI translation services.