What Happened: Trump and Musk feuded on social media last week sparked by Musk’s disapproval of a large tax bill being pushed by Trump.

In a Truth Social post on Thursday, Trump said the easiest way to cut spending is to get rid of Musk's government subsidies and contracts.

Musk fired back with an X post suggesting SpaceX would begin decommissioning its Dragon spacecraft, which is currently the only option the U.S. has for carrying crew members to the International Space Station. He later walked back those comments in response to a user suggesting he take time to “cool off.”

Space stocks rallied in response as investors began speculating that the feud could lead to more opportunities for other space companies.

Over the weekend, Musk made another post pointing to the U.S.’s reliance on SpaceX, noting that “we have got the spaceships, and they do not.” The post appears to be driving continued momentum in shares of Rocket Lab and AST SpaceMobile to start the week.

Rocket Lab and AST SpaceMobile are trading higher on above-average volume on Monday. Rocket Lab’s session volume was around 35 million at last check, well above its average volume of approximately 16 million. Meanwhile, AST SpaceMobile has seen 15 million shares exchanged on Monday, above its average session volume of about 10.6 million, according to Benzinga Pro.

RKLB, ASTS Price Action: Rocket Lab shares were up 7.92% at $31.21 and AST SpaceMobile shares were up 16.9% at $36.55 at the time of publication Monday, according to Benzinga Pro.

Read Next:

Photo: courtesy of Rocket Lab.