Investing in space stocks has become increasingly popular in recent years, as the commercial space industry continues to grow and attract attention from investors. With the privatization of space exploration, there are now more opportunities than ever for investors to get in on the action. In this article, we’ll take a closer look at space stocks and some examples of space stocks on Nasdaq.
What are space stocks?
Space stocks are stocks of companies that are involved in the space industry. This can include companies that build rockets, manufacture satellites, or provide space-based services such as telecommunications, navigation, and remote sensing. It can also include companies that are involved in space tourism or space mining.
Why invest in space stocks?
There are several reasons why investors might be interested in space stocks. For one, the commercial space industry is growing rapidly and is expected to continue to do so in the coming years. According to a report by Morgan Stanley, the global space industry could generate revenue of $1.1 trillion or more by 2040, up from around $350 billion today. This growth potential makes space stocks an attractive investment opportunity.
Additionally, space stocks can provide diversification for investors. Many space companies are not traditional technology or industrial companies, which can help investors spread their investments across multiple sectors. This can help reduce risk and increase the potential for long-term growth.
Space stocks you must know
If you are looking for space stocks to buy, there are several space stocks that are publicly traded on Nasdaq. Here are a few examples:
Virgin Galactic Holdings (SPCE)
Virgin Galactic Holdings is a space tourism company founded by Sir Richard Branson. The company is developing a spacecraft that can take paying customers on suborbital flights to space. Virgin Galactic went public in 2019 through a special purpose acquisition company (SPAC) merger. Today Virgin is traded on NYSE under the ticker symbol SPCE.
Maxar Technologies (NYSE: MAXR)
Maxar Technologies is a satellite and space-based services company that provides high-resolution Earth imagery, geospatial data, and analytics. The company builds and operates a fleet of satellites that are used for a variety of applications, including national security, disaster response, and environmental monitoring. Maxar Technologies is traded on NYSE under the ticker symbol MAXR. Maxar Technologies is traded (as of March 15, 2023) at value of $3.8 billion.
Aerojet Rocketdyne Holdings (AJRD)
Aerojet Rocketdyne Holdings is a rocket and missile propulsion company that develops and produces a range of rocket engines and other propulsion systems for commercial and government customers. The company’s products are used in spacecraft, missiles, and defense systems. Aerojet Rocketdyne is traded on NYSE under the ticker symbol AJRD. Aerojet is traded (as of March 15, 2023) at value of $4.5 billion.
Lockheed Martin Corporation (LMT)
Lockheed Martin Corporation is a global aerospace and defense company that provides a range of products and services to government and commercial customers. The company’s space-related products and services include satellites, launch vehicles, and ground systems. Lockheed Martin is traded on Nasdaq under the ticker symbol LMT.
Northrop Grumman Corporation (NOC)
Northrop Grumman Corporation is another aerospace and defense company that provides a range of products and services to government and commercial customers. The company’s space-related products and services include satellites, space-based sensors, and launch vehicles. Northrop Grumman is traded on Nasdaq under the ticker symbol NOC.
A growing industry with significant growth potential
Investing in space stocks can provide investors with exposure to a rapidly growing industry with significant growth potential. While there are risks associated with investing in any stock, space stocks can offer diversification and the potential for long-term growth. With several space stocks publicly traded on Nasdaq, investors have the opportunity to get in on the ground floor of this exciting industry.