Shares of space-as-a-service company Sidus Space soar following Trump’s return

Shares of small-cap space-as-a-service company Sidus Space surged 22% yesterday, Tuesday, January 21. Other space names also rose. Wall Street analysts attribute the gains to growing enthusiasm around the sector following the return to the White House of Donald Trump, who stated during his inauguration address that the U.S. would “pursue our manifest destiny into the stars,” CNBC reports.

Details

Sidus Space shares climbed 22% to $3.16 per share on the Nasdaq yesterday. Despite this rally, the stock is still off more than 60% in the last 12 months.

Sidus Space joined the trend of space company stocks gaining on Tuesday. Shares of Rocket Lab, an aerospace manufacturer and launch service provider that works with the defense industry, rose by a third. Intuitive Machines, which landed its Odysseus spacecraft on the Moon in 2024, saw its shares jump nearly 24%. Meanwhile, Planet Labs, an Earth imaging company, gained over 22%.

What was the driver?

CNBC attributes the rally in Sidus Space and space peers to investor enthusiasm following Trump’s return to the White House. In his January 20 inauguration speech, the new U.S. president briefly touched on space exploration.

“We will pursue our manifest destiny into the stars, launching American astronauts to plant the Stars and Stripes on the planet Mars,” Trump declared.

Space stocks had already started gaining momentum after Trump’s election in November, CNBC notes. Deutsche Bank analyst Edison Yu highlighted three key factors driving the sector’s growth: Trump’s nomination of billionaire and commercial astronaut Jared Isaacman as NASA administrator, significant activity from retail investors, and expectations of more multibillion-dollar federal contracts.

“Post the election, there seems to be this very deep and broad excitement about opening up private space opportunities,” Yu told CNBC.