As we speak the United Nations World Space Week is rolling on and out of this world events are happening between 4 to 10 October 2020. From the space expeditions there are few of them which are commemorated and remembered altogether:
- Sputnik 1 launch which was the first man made satellite orbiting the Earth on 4th October 1957
- Space Treaty signed on 10th October 1967 which fundaments a world world countries united front for space explorations
Read the full report on the "Update on the investment in commercial space ventures"
While these are to remember the world didn't stay still and it advanced more and more with the time passing ending up with a new global space race for ruling the world and what is behind it. Investments pushed new boundaries and considering 5-years cycles proves that now we are at the edge of starting to get out of explorations the rewards that were awaiting us all along. As you can see from the data published by the Tauri Group as an "Update on the investment in commercial space ventures" the figures thrown out there for investment are quite impressive.
InfoGraphic sourced from https://www.statista.com/
The space travel, discovery and harvest for new resources blasts off up to the sky and create opportunities which soon might come to fruition. Thus there are some space related stocks on which we should keep an eye on.
Space pure plays:
- Virgin Galactic (NYSE:SPCE), Richard Branson's space tourism venture, has gone public last year and is the primary publicly traded beneficiary of SpaceX's success. Its reservation list is of no less than 1,000 people signing to pay $250,000 for a space travel.
- Maxar Technologies (NYSE:MAXR) - Focused on satellites, digital imagery, and analytics tools, strong government and commercial contracts, known as the source of many of the satellite images used by Alphabet's Google Maps product
- Aerojet Rocketdyne (NYSE:AJRD) - Provides rocket engines for spaceships and satellites getting onto the orbit and beyond.
Diversified options:
- Boeing (NYSE:BA) and Lockheed Martin (NYSE:LMT) as part of the United Launch Alliance (ULA)
- Northrop Grumman (NYSE:NOC) - Rockets provider
- Raytheon Technologies (NYSE:RTX) and L3Harris Technologies (NYSE:LHX) - Sensors and satellites manufacturers
While there is still much research before choosing one of the space companies that will provide as promised and that it make that some time, it is wise to consider their future and make them a part of your stocks investment portfolio. There is great potential and the technology closes the gap until easy discovery, travelling and harvesting resources from space will be possible.
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