February 14, 2020

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MAXR Stock Soars as Trump Pushes for NASA Bumper Budget

MAXR stock is in the green this week after NASA’s fiscal 2021 budget proposal called for a 12% increase in the agency’s budget to over US$25 billion.
Space technology manufacturers such as Maxar Technologies (TSX:MAXR) (NYSE:MAXR) look set to be the biggest beneficiaries from President Trump’s calls for an expanded NASA budget, much of which will be directed towards Artemis program projects like a lunar lander and related technologies needed to enable a human landing on the moon by 2024.
NASA is already working with a host of commercial partners, including Maxar, on an …
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