Space stocks are climbing in premarket trade on Monday, after the private space company Firefly Aerospace successfully landed on the Moon.

A commercial spacecraft carrying NASA experiments successfully touched down on the moon's surface early Sunday morning, ushering in a new phase of private space exploration.

Moon exploration is undergoing a potentially transformative moment. Over the course of six weeks, three different lunar landers began a rocket-fueled space journey to learn more about Earth’s nearest neighbor.