U.S. Stock Market Movement | Space concept stocks surged during trading, with Virgin Galactic rising over 9%
On Monday, space concept stocks surged during trading, with Virgin Galactic rising over 9%, Rocket Lab up nearly 7%, and AST SpaceMobile increasing more than 5%. In terms of news, U.S. President Donald Trump previously signed an executive order to ease commercial space regulations, marking a significant breakthrough for the aerospace industry that has long called for reduced administrative barriers. The order requires the Secretary of Transportation to eliminate or expedite environmental review processes for launch and re-entry permits and to abolish "outdated, redundant, or overly restrictive" regulations on spacecraft. Additionally, the order calls for an assessment of whether states are hindering the construction of spaceport infrastructure while simplifying the authorization process for new space activities
According to Zhitong Finance APP, on Monday, space concept stocks surged during the session, with Virgin Galactic (SPCE.US) rising over 9%, Rocket Lab (RKLB.US) increasing nearly 7%, and AST SpaceMobile (ASTS.US) climbing over 5%. In terms of news, U.S. President Donald Trump previously signed an executive order to relax commercial space regulations, bringing a significant breakthrough for the aerospace industry that has long called for reduced administrative barriers. The order requires the Secretary of Transportation to eliminate or expedite the environmental review process for launch and re-entry permits and to abolish "outdated, redundant, or overly restrictive" regulations on spacecraft. Additionally, the order calls for an assessment of whether states are hindering the construction of spaceport infrastructure while simplifying the authorization process for new space activities
