- Space stocks SPCX and ASTS fell 3% after President Trump signed a memo targeting 1,000 launches annually by 2030.
- The memo also directs NASA to return astronauts to the moon by 2028 and explore commercial Mars missions.
- Despite the dip, 40 analysts rate SpaceX between Buy and Moderate Buy, with CEO Elon Musk predicting top-tier market performance.
On Friday, President Donald Trump signed a memo aiming to enable 1,000 commercial space launches annually by 2030, causing space stocks like SpaceX (SPCX) and AST SpaceMobile (ASTS) to each fall 3% as markets sold off the news. The directive also sets a goal to return U.S. astronauts to the moon by 2028 and instructs NASA to facilitate commercial transportation to the moon and Mars.
White House Office of Science and Technology Policy Director Michael Kratsios said the new policy “meets this moment of explosive growth and positions America to lead the next era of space.” Consequently, despite today’s decline, Wall Street remains bullish on SpaceX, with roughly 40 analysts covering the stock and a consensus rating between Buy and Moderate Buy.
CEO Elon Musk believes SpaceX will become one of the top investments across the entire market over the next several years. Meanwhile, Rocket Lab (RKLB) is showing strong momentum, tracking its best monthly performance since May after announcing a key pre-flight testing milestone for Neutron’s reusable Hungry Hippo fairing.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
