BUZ INVESTORS Best Space Industry Stocks There are people who love Elon Musk’s SpaceX venture and others who think it’s pie-in-the-sky ridiculous. Regardless of your opinion, there’s one thing for certain—public space companies are on the rise. The best space industry stocks are poised for historic gains, but investors will need to look beyond Elon Musk and SpaceX in order to benefit from them.
Don’t get me wrong, SpaceX is a phenomenal company—it single-handedly revived public enthusiasm for space exploration!
Until very recently, space exploration was firmly in the province of nations. It took the might of an entire government to launch rockets from the Earth’s atmosphere.
Elon Musk and SpaceX changed that story.
After making a fortune selling PayPal Holdings Inc (NASDAQ:PYPL), Musk decided to build a space company. He traveled to Eastern Europe in search of old rockets. Eventually he managed to design and launch one…
There were several other companies that entered the market early. Here are just a few of the best space industry stocks that investors can invest in.
|SPACE INDUSTRY STOCKS|
|Company||Market Cap||Annual Revenue|
|Lockheed Martin Corporation||$78.2B||$47.2B|
|Orbital ATK Inc||$5.6B||$3.2B|
While these companies were busy setting up shop, NASA was in the process of shuttering its space shuttle program. The idea was to let private contractors handle the relatively mundane task of putting shuttles into orbit.
United Launch Alliance (ULA) is a joint venture between Lockheed Martin Corporation (NYSE:LMT) and Boeing Co (NYSE:BA). It is the No. 1 rival to SpaceX, having secured 100% of all military launch contracts between 2006 and 2016.
Orbital ATK Inc (NYSE:OA) was formed in 2015 as the result of a merger between Orbital Sciences Corporation and Alliant Techsystems. Nearly all of its 12,000 employees are engineers, scientists, or technologists. Only 1,000 have management or administrative roles.
Not all of the best space industry stocks are like SpaceX. Some of them, like AeroVironment, Inc. (NASDAQ:AVAV), are lower-profile, but they’re just as essential.
This aerospace and defense contractor builds unmanned aerial vehicles for both NASA and the military, which is to say it builds drones. What does this have to do with investing in space exploration? Let me explain.
nvesting in space exploration seems more complex than it actually is. It’s hard to wrap your mind around a business that sends its products off this world, but I suggest taking a step back to look at the whole picture.
The best space industry stocks are providing a real service. Someone has to put satellites in space, particularly as more and more data is bounced across the globe. It no longer makes sense for governments to perform that task, so obviously companies will take over.
Click here for reuse options!