10 Firms Kick Off Trading Week Soaring

4. Intuitive Machines Inc. (NASDAQ:LUNR)

Intuitive Machines (LUNR), an American space exploration company, saw its share prices higher by 23.93 percent on Tuesday after President Donald Trump announced plans to support the space industry’s sending of astronauts to Mars. Intuitive Machines traded higher in line with its counterparts following the news.

At his inauguration on Monday, Trump said that the US “will pursue its manifest destiny into the stars, launching American astronauts to plant the Stars and Stripes on the planet Mars.”

According to analysts, investors in the space exploration companies are reacting to the potential growth in the space sector which is expected to expand significantly in the future.

With government estimates projecting the total cost of the space program at nearly $100 billion over time, the prospects for expansion have sparked heightened interest and investment in the industry.