tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Rocket Lab, Intuitive beneficiaries of Trump EO, says Cantor Fitzgerald

President Trump last week issued an executive order to boost U.S. competitiveness in the commercial space industry, by cutting regulatory hurdles, speeding up launch and reentry approvals, and advancing spaceport infrastructure, and Rocket Lab (RKLB) and Intuitive Machines (LUNR) should be direct beneficiaries, Cantor Fitzgerald tells investors in a research note. Faster enviironmental reviews and streamlined licensing, as well as clearer rules could shorten timelines for mission approvals and expansions, enabling Rocket and Intuitive to scale operations more quickly and capture additional contracts, the firm says. The firm has an Overweight rating on both Rocket Lab and Intuitive Machines.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1