Set against this backdrop, space-launch company Rocket Lab USA Inc. RKLB and space-exploration company Intuitive Machines Inc. LUNR are particularly well positioned, according to Cantor Fitzgerald analyst Andres Sheppard.

Pure-play space stocks flew higher on Tuesday, in a rally described as exuberance about the sector after President Donald Trump's inauguration.

Space stocks soared on Tuesday as bullish sentiment in the sector swelled after Donald Trump took office. Read more.

“We will pursue our manifest destiny into the stars, launching American astronauts to plant the stars and stripes on planet Mars,” he said. Trump’s comments sparked an enthusiastic response from his close ally, SpaceX Chief Executive Elon Musk, who pumped his arms and gave a thumbs up.