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Posted On: 12/18/2024 7:46:36 AM
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Rocket Lab USA Could See Major Benefits under Trump Administration
Market News
Story Highlights
Rocket Lab USA is rising higher with investors betting that a Trump presidency will be a major boon to the space exploration stock.
Space travel company Rocket Lab USA RKLB +1.81% ▲ is poised for growth under President-elect Donald Trump’s administration. Trump intends to expand the U.S.’s dedication to space exploration with Jared Isaacman as his nomination to lead NASA. Isaacman is a close associate of Elon Musk, Trump’s head of the Department of Government Efficiency (DOGE). That includes taking two trips on SpaceX rockets, making the first commercial spacewalk, and investing in the company.
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Rocket Lab USA founder, chairman, and CEO Peter Beck is optimistic about Isaacman leading NASA. He said, “You have to have a deep understanding of the industry,” and, “Having an astronaut run a space agency is great.”
Rocket Lab USA already collaborates with NASA, and any expansion may increase its work with the government agency. While there are concerns that SpaceX could receive unfair favor, considering Musk’s position in the government, Beck doesn’t believe this will be an issue.
What This Means for Rocket Lab USA
Rocket Lab USA doesn’t have much to worry about based on its latest stock movement. RKLB shares are up 1.58% in pre-market trading after a 3.18% gain on Friday. The stock is also up 346.29% year-to-date and 429.61% since the start of the year.
Full Story:
https://www.tipranks.com/news/rocket-lab-usa-...m=referral
Market News
Story Highlights
Rocket Lab USA is rising higher with investors betting that a Trump presidency will be a major boon to the space exploration stock.
Space travel company Rocket Lab USA RKLB +1.81% ▲ is poised for growth under President-elect Donald Trump’s administration. Trump intends to expand the U.S.’s dedication to space exploration with Jared Isaacman as his nomination to lead NASA. Isaacman is a close associate of Elon Musk, Trump’s head of the Department of Government Efficiency (DOGE). That includes taking two trips on SpaceX rockets, making the first commercial spacewalk, and investing in the company.
Pick the best stocks and maximize your portfolio:
Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Rocket Lab USA founder, chairman, and CEO Peter Beck is optimistic about Isaacman leading NASA. He said, “You have to have a deep understanding of the industry,” and, “Having an astronaut run a space agency is great.”
Rocket Lab USA already collaborates with NASA, and any expansion may increase its work with the government agency. While there are concerns that SpaceX could receive unfair favor, considering Musk’s position in the government, Beck doesn’t believe this will be an issue.
What This Means for Rocket Lab USA
Rocket Lab USA doesn’t have much to worry about based on its latest stock movement. RKLB shares are up 1.58% in pre-market trading after a 3.18% gain on Friday. The stock is also up 346.29% year-to-date and 429.61% since the start of the year.
Full Story:
https://www.tipranks.com/news/rocket-lab-usa-...m=referral
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I do my own dd. My opinions are simply my opinions. Please do your own research before investing in any stock.
I do my own dd. My opinions are simply my opinions. Please do your own research before investing in any stock.
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