Bezos 'very optimistic' about Trump admin space agenda
Published On Jan 13, 2025, 7:27 AM
Jeff Bezos expressed optimism about the space agenda anticipated under the Trump administration, despite his rivalry with Elon Musk, the CEO of SpaceX. Blue Origin, Bezos's space company, faced a setback with a delay in launching its New Glenn rocket due to technical issues. Bezos commented on the importance of maintaining a lunar program while also pushing for Mars exploration, emphasizing a cooperative approach in the evolving landscape of U.S. space strategy and programs.
Stock Forecasts
BA
Positive
Bezos's confidence in the upcoming administration's focus on the space sector could suggest increased funding and support for private space ventures. If Blue Origin successfully navigates its technical issues and competes effectively against SpaceX, it may generate positive sentiment for its stock performance.
SPY
Positive
The broader interest in space exploration and potential government contracts may enhance the projected growth trajectory of established aerospace firms like Boeing, especially if they also align with new NASA initiatives.
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