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Wall Street grew increasingly obsessed with the artificial intelligence boom this year, pouring money into chips, data centers and applications.
But investors looking beyond Silicon Valley found outsized returns in another location: space.
Some of the year’s biggest market winners were defense companies that benefited from renewed interest in space exploration and military reindustrialization. President Donald Trump’s military expansion plan includes a $175 billion “Golden Dome” project and efforts to bolster American shipbuilding.
In looking to upgrade military tech and return astronauts to the moon for the first time in more than 50 years, the government is leaning on more companies outside of traditional defense names such as Lockheed Martin
