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 exploration continues to be a key area of research for scientists. In recent decades, it has attracted interest from security experts globally, given the wide use of satellites for peaceful military purposes, such as navigation, intelligence gathering, and military communications.

“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.

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

President Trump’s Mars vision boosts space stocks like Rocket Lab, Intuitive Machines, and Redwire. Invezz brings to you the prospects of the stocks and factors to consider before investing in space stocks.