With Space Travel Set to Blast Off, Consider these Top Stocks
Ian Cooper
Cooper was among the few analysts to spot the financial crisis of 2008, the top of subprime and Alt-A, the death of Lehman Brothers, Bear Stearns, and New Century Financial, and even the Dow’s collapse to 6,500, as well as its recovery. He even called for gold to rally well above $1.500 when it traded under $600.
Space tourism is set to blast off.
All after Virgin Galactic (SPCE) said it would start selling tickets for “just” $450,000 – which includes an initial deposit of $150,000.
In fact, according to CNBC, “Virgin Galactic ticket prices start at $450,000 each, as the company revealed last year, with three different sales offerings: a single seat purchase, packaged seats for couples, friends or family, or opportunities to book entire flights. The company has said previously that — of the $150,000 deposit — $25,000 is not refundable.”
At the moment, the company plans to start its commercial service as soon as this year.
Should all go well, Morgan Stanley believes the space tourism industry could be worth about $1 trillion over the next two decades.
With excitement gaining altitude, other top space stocks that could blast off include:
Procure Space ETF (UFO)
The Procure Space ETF offers exposure to space-related industries, such as equipment manufacturing, rocket and satellite operation, satellite telecommunications, and space technology and hardware. After rocketing from a low of $14 in 2020, the ETF ran to a high of about $32. Since then, it pulled back to support around $25.
If space travel can see some boost, the ETF could run back to $32, near-term.
ARK Space Exploration & Innovation ETF (ARKX)
The ARKX seeks long-term growth of capital by investing under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the Fund’s investment theme of Space Exploration and innovation, according to ARK Invest. Some of the fund’s top holdings include Aerovironment Inc., Kratos Defense & Security, L3Harris Technologies Inc., Trimble Inc., and Iridium Communications Inc.
Lockheed Martin (LMT)
The company is developing the Orion spacecraft that is intended to be used in NASA’s human spaceflight programs that will venture into deep space and lunar orbit.
Most recently, LMT and General Motors teamed up to develop the next generation of lunar vehicles to transport astronauts on the surface of the Moon. According to a company press release, “NASA’s Artemis program is sending humans back to the Moon where they will explore and conduct scientific experiments using a variety of rovers. NASA sought industry approaches to develop a Lunar Terrain Vehicle (LTV) that will enable astronauts to explore the lunar surface farther than ever before. The LTV is the first of many types of surface mobility vehicles needed for NASA’s Artemis program.”
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