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.”
February 7th, 2023Is The Stock Market Cycle Pointing To A New Bull Market Already?Are we in another bear market rally or the start of something new? That’s what everyone wants to know, especially as we
February 6th, 2023Job Creation Shocks The MarketIf we’re heading into a recession, how were we met with better-than-expected job growth numbers last week? Unemployment dropped, despite the headlines of tech companies planning to lay off
February 3rd, 2023Job Cuts And Stock Buybacks Keys To Success In 2023 The thing I’ve learned from this earnings season is that a company can have consecutive quarterly drops in revenue and provide a lower
February 2nd, 2023Fed Raises Rates But Bulls Are Still In ControlOk, bulls. You win. I will start lifting my bearish stance on the market. Despite the final 10-minute market sell-off and a Dow that finished
February 1st, 2023What Past Fed Announcements Tell Us The Market Will Do TodayWatch out - this article is going to have some math.Here we are once again on Fed Announcement day. Most of the folks
January 31st, 2022The Hidden Profits Of 2023There is still one more trading day left in January, but if the adage “as the S&P 500 goes in January, so goes the year” holds true, the markets
January 30th, 2022 The Fed Goes Up Against Earnings This Week We are in peak earnings season with some heavy hitters like Pfizer (PFE), Snap (SNAP), Meta Platforms (META), Amazon (AMZN), Alphabet (GOOGL), and Apple
January 17th, 2022Smoother Sailing in 2023 Nothing has changed since the end of 2022, yet traders have already decided that this year won’t be as bad as the last. Bulls have been piling into stocks
January 12, 2023 The Rise Of Bing Over Google - That’s No Joke Before we talk about two tech giants getting ready to battle it out once again, let’s look at the overall market. The
January 9th, 2022 Why I Ignore Most Of The News It’s easy to get caught up in the financial headlines. I’ve certainly done it. Last week shows why I ignore most day-to-day stories. I know
267 Kentlands Blvd #225
Gaithersburg, MD 20878
P. (866) 257-3008
(Monday-Friday 9:00 AM-5:00 PM EST)
Publisher of actionable and proven strategies and tactics to help investors build wealth and reach seven-figure portfolios.
Get notified about new articles, special events, training, and much more
Leave your info below to get more options and trading ideas to your inbox
Yes, send me news to my inbox.