Trump signs space executive order, Intuitive Machines and aerospace sector stocks surge in response

Intuitive Machines Inc. saw its stock price soar by 35%, marking the largest intraday gain since May. Meanwhile, other aerospace stocks also strengthened collectively. Previously, U.S. President Trump signed an executive order emphasizing American space exploration, after which KeyBanc began coverage of the industry, stating that "the future prospects of the aerospace and defense technology sector may have far-reaching significance akin to the Industrial Revolution." Procure Space ETF rose by 5.6%, Firefly Aerospace increased by 20%, and Rocket Lab and Voyager Technologies rose by 15% and 11%, respectively. Lockheed Martin's stock price slightly increased by 0.6%, Northrop Grumman rose by 1.8%, and L3Harris increased by 2.2%