Space stocks are climbing in premarket trades Tuesday, lifted by President Trump’s comments championing American space exploration during his inauguration speech Monday. “We will pursue our manifest destiny into the stars,

"Americans are explorers, builders, innovators, entrepreneurs and pioneers. The spirit of the frontier is written into our hearts," Trump says.

During his second inauguration speech, President Donald Trump endorsed a Mars mission as a part of America’s push into new horizons.

The United States will once again consider itself a growing nation, one that increases our wealth, expands our territory, builds our cities, raises our expectations and carries our flag

President Trump vowed to send astronauts to Mars during his second inaugural address. "We will pursue our Manifest Destiny into the stars," he said, promising to send astronauts to plant the American flag on Mars. Elon Musk, the SpaceX CEO and Trump ally, was seated behind the president and gave a vigorous thumbs up at the remark.

Fortuna Investments CEO Justus Parmar expects to see “a new vintage of space companies that hit the market” in 2025.

Trump’s Mars pledge elicited a huge grin and enthusiastic double thumbs up from billionaire and top Mars colonization enthusiast Elon Musk, who has been pushing his Mars colony agenda for nearly a decade via his SpaceX company. Donald Trump used his inauguration speech to whine about tech billionaires’ homes being burnt down.

The president’s Inaugural Address linked landing on the Red Planet with Manifest Destiny, but left many of the specifics unclear.

Trump said the U.S. would pursue its “manifest destiny into the stars” by sending astronauts to plant the flag on Mars. His remarks were met with enthusiasm from SpaceX founder Musk, who gave a thumbs-up to the cameras.

Trump said "We will pursue our manifest destiny into the stars by launching American astronauts to plant the Stars and Stripes on the planet Mars".

President Trump vowed to send American astronauts to the planet Mars in his inaugural address, envisioning a moment when the U.S. flag is planted on Martian soil. “We will pursue our manifest destiny into the stars,

Space stocks soared on Tuesday as bullish sentiment in the sector swelled after Donald Trump took office. Read more.