Investing in space stocks can be risky, much like the biotech sector. With the launch of each rocket carrying substantial costs and the potential for failure, it’s important to choose wisely. However, the space industry has become more cost-effective over the years, with the price per kg of payload decreasing significantly.
According to the World Economic Forum, the space economy is projected to grow significantly in the coming years, making it an attractive sector for investors. Here are three top space stocks to consider for your portfolio:
1. Rocket Lab USA
Rocket Lab specializes in small LEO satellite launches and has successfully deployed numerous satellites into orbit. The company’s success lies in its minimalistic approach and innovative technology. With plans to launch more ambitious rockets in the future, Rocket Lab is poised for growth.
With a strong revenue stream from government and commercial contracts, Rocket Lab is a solid choice for long-term space exposure. The company’s stock price has been on the rise, making it a promising investment option.
2. Intuitive Machines
Intuitive Machines is focused on lunar missions and has received significant funding from NASA. The company’s collaboration with industry giants and its focus on lunar exploration make it an interesting player in the space sector. Despite being a penny stock, Intuitive Machines has potential for growth in the future.
3. Virgin Galactic Holdings
Virgin Galactic, founded by Richard Branson, is a pioneer in space tourism. While the company has faced challenges in the past, its shift to a more robust spacecraft could lead to future success. With plans to launch commercial flights in the coming years, Virgin Galactic is worth keeping an eye on.
Overall, investing in space stocks can be a lucrative opportunity for investors. With the space economy projected to grow significantly in the coming years, these top space stocks offer the potential for out-of-this-world gains in 2022 and beyond.
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Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions.
This article was originally published on The Tokenist.
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