Why General Dynamics Stock Soared Today
"$1.5 trillion" -- it isn't just for SpaceX anymore.
Last month, SpaceX floated plans to run a $1.5 trillion initial public offering of stock. Yesterday, President Trump announced on Truth Social: "For the Good of our Country, especially in these very troubled and dangerous times, our Military Budget for the year 2027 should not be $1 Trillion Dollars, rather $1.5 Trillion Dollars ... This will allow us to build the 'Dream Military' that we have long been entitled to, and, more importantly, that will keep us SAFE and SECURE."
Defense stocks in general are surging, and General Dynamics (NYSE: GD) stock in particular is up 6% as of 9:50 a.m. ET.
Source Fool.com
