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☆ Space stocks saw big gains this week in part due to 'Trump-Elon trade' rally, analysts say
▼ + stars: | 2024-11-15 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

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 Donald Trump and SpaceX CEO Elon Musk. Just this week saw Rocket Lab up 41%, Intuitive Machines up 28%, Spire Global up 26%, Planet Labs up 16%, Redwire up 15% and AST SpaceMobile up 10%. But there's a broader market sentiment that's driving these stocks too, said Cantor Fitzgerald analyst Andres Sheppard, who has buy ratings on Rocket Lab, Redwire and Intuitive Machines. "I think there's definitely a risk-on, post-Trump-win rally that's being reflected in this industry," Sheppard told CNBC. Back out even further to take a year-to-date perspective, and this week's top-performing space stocks have broken out of a post-SPAC malaise to triple or even quadruple in 2024.

Persons: Donald Trump, Elon Musk, Andrew Chanin, Cantor Fitzgerald, Andres Sheppard, Sheppard, inbounds, We're Organizations: Trump, Elon, SpaceX, CNBC, Planet Labs Locations: U.S

☆ Intuitive Machines stock jumps 16% after company says moon mission is in 'excellent health'
▼ + stars: | 2024-02-16 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

Intuitive Machines' Nova-C lander "Odysseus" deploys from the upper stage of SpaceX's Falcon 9 rocket to begin the IM-1 mission. Shares of Intuitive Machines jumped for a second consecutive day after the company issued an update that said its moon lander mission "is in excellent health." The Texas-based lunar company launched its inaugural cargo mission, known as IM-1, on a SpaceX rocket early Thursday morning. Intuitive Machines' stock jumped as much as 30% in early trading Friday before paring gains to trade up about 16% from its previous close of $6.70 a share. Since IM-1 launched, Intuitive Machines' stock is up 75% as of Friday's trading high.

Persons: Andrew Chanin, that's, Chanin Organizations: SpaceX, CNBC, NASA Locations: Texas

☆ The power grid needs repairs. These companies stand to benefit
▼ + stars: | 2023-09-10 | by ( Alex Harring | ) www.cnbc.com time to read: +7 min

A budding ecosystem of companies stand to gain as businesses and policymakers grow increasingly focused on improving the electric grid. President Joe Biden committed $95 million to shore up Hawaii's electric grid following the tragedy. Beyond that, Kalton said it's also just good business sense: Utility companies don't want their grids to go down and leave unhappy customers without power. And he said utility companies can grow earnings power by spending capital and increasing their base rate. An ecosystem of companies Beyond physically changing the grid, some companies are making progress elsewhere, said Chanin, whose ETF is up about 18% this year.

Persons: Neil Kalton, Joe Biden, It's, —, Said, Kalton, it's, Steven Fisher, doesn't, Fisher, Andrew Chanin, Chanin, Eaton, Michael Bloom Organizations: NBC News, Electric, UBS, Primoris Services, LSEG, Nvidia Locations: Maui, U.S, Wells Fargo, California , Colorado, Oregon, California, Florida, Texas

☆ Investing in Space: Rocket Lab stock leads the sector in year-to-date gains
▼ + stars: | 2023-08-03 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Rocket Lab is up 85% so far this year, closing back in on its $10 a share starting point two years ago, while Redwire is close behind, up 78%. Rocket Lab is the index's No. Chanin noted that with many of these space stocks having debuted at $10 a share they're largely still trying to get back to where they started. Rocket Lab has a healthy lead but we'll see who ends up on top come the end of the year – with the market watching closely for continued execution.

Persons: CNBC's Michael Sheetz, Redwire, it's, Andrew Chanin, –, Stocks, Chanin Organizations: Rocket Lab Locations: ProcureAM

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