3 Space Stocks With the Potential to Make You an Overnight Millionaire

InvestorPlace05-03

These companies are poised for growth in the emerging space sector. Virgin Galactic (SPCE): It projects growth with its new Delta-class spacecraft. Rocket Lab USA (RKLB): The company focuses on new ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2432895656?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-03 04:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2432895656","market":"us","top_or_hot":-1,"title":"3 Space Stocks With the Potential to Make You an Overnight Millionaire","media":"InvestorPlace","content":"<div>\n<p>These companies are poised for growth in the emerging space sector.\nVirgin Galactic (SPCE): It projects growth with its new Delta-class spacecraft.\nRocket Lab USA (RKLB): The company focuses on new ...</p>\n\n<a href=\"https://investorplace.com/2024/05/3-space-stocks-with-the-potential-to-make-you-an-overnight-millionaire/\">Source Link</a>\n\n</div>\n","source":"investorplace_stock_picks","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Space Stocks With the Potential to Make You an Overnight Millionaire</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Space Stocks With the Potential to Make You an Overnight Millionaire\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-03 04:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/05/3-space-stocks-with-the-potential-to-make-you-an-overnight-millionaire/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>These companies are poised for growth in the emerging space sector.\nVirgin Galactic (SPCE): It projects growth with its new Delta-class spacecraft.\nRocket Lab USA (RKLB): The company focuses on new ...</p>\n\n<a href=\"https://investorplace.com/2024/05/3-space-stocks-with-the-potential-to-make-you-an-overnight-millionaire/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RKLB","symbol_name":"Rocket Lab USA, Inc.","start_time":0,"source_url":"https://investorplace.com/2024/05/3-space-stocks-with-the-potential-to-make-you-an-overnight-millionaire/","article_id":"2432895656","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432895656","pubTimestamp":1714681590,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"Discover three space stocks from commercial space tourism, launch services and data analytics that offer potential for substantial gains.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"RKLB":"Rocket Lab USA, Inc.","BK4562":"SPAC上市公司","SPCE":"维珍银河","BK4123":"调查和咨询服务","BK4564":"太空概念","SPIR":"Spire Global Inc.","BK4187":"航天航空与国防"},"translate_title":"有可能让你一夜暴富的3只太空股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RKLB":1,"SPCE":1,"SPIR":1},"content_text":"These companies are poised for growth in the emerging space sector.\nVirgin Galactic (SPCE): It projects growth with its new Delta-class spacecraft.\nRocket Lab USA (RKLB): The company focuses on new spacecraft buses and financial stability.\nSpire Global (SPIR): Strong financial performance and expanding space services are driving SPIR.\n\n\n\n\n\n \n\nSource: andrey_l/Shutterstock\n\n\n\nSpace stocks are becoming increasingly appealing to investors as broader market indices, such as the S&P 500, experience declines. This market downturn presents a unique opportunity. Savvy investors can acquire shares of space stocks at significantly reduced prices. And this could potentially lead to seven-figure opportunities.\nInvesting in these companies at an early stage can offer substantial returns for those willing to hold positions over the long term. The space industry is still in its nascent stages. Fortunately, many companies are poised for significant growth as the sector matures.\nAlthough it would take a very substantial investment, high risk tolerance, a bit of luck and the right mix of fundamentals and hype, I think that there are three space stocks that could mint a new generation of millionaires overnight.\nSo let’s explore three space stocks for investors to buy. Don’t miss out on these potentially life-changing opportunities.\nVirgin Galactic (SPCE)\nSource: rafapress / Shutterstock.comVirgin Galactic (NYSE:SPCE) focuses on commercial space tourism, offering suborbital flights for passengers. The company has successfully completed multiple crewed test flights, including the launch of its founder Richard Branson in 2021.\nSPCE completed six spaceflights within six months, achieving a major milestone last year. In Q4 2023, Virgin Galactic reported a net loss of $103 million. Yet, it continues to project growth through its next-generation Delta-class spacecraft. The ship aims to provide a 12-fold increase in revenue per ship compared to the current Unity spacecraft. These ships are planned to enter ground and flight testing by 2025 and commercial service in 2026.\nHence, SPCE is figuratively and literally a shot at the moon. But I think it has all the right ingredients to make it there. It trades at only 88 cents, which are new yearly and five-yearly lows.\nA lot is riding on its Delta spacecraft, but it could be the juice that takes it to the next level.\nRocket Lab USA (RKLB)\nSource: Andrzej Puchta / Shutterstock.comDeveloping launch services and spacecraft technologies, Rocket Lab USA (NASDAQ:RKLB) plans to increase its number of launches. Further, it is developing its Neutron launch vehicle for larger payloads. Also, RKLB announced plans to introduce a range of spacecraft buses for various mission profiles. These include the original Photon bus as well as the new Lightning, Pioneer and Explorer buses.\nRocket Lab’s achievements in 2023, including its return to service and growth in its backlog of projects, position it for continued growth in 2024. Additionally, it continues to focus on financial stability. RKLB is reducing its capital expenditures following the completion of Neutron and aiming for positive EBITDA.\nLike with SPCE, RKLB also trades at a steep discount. And, it’s a penny stock with its share price sliding 60.79% over the past five years. Thus, investors should be patient to allow for the bull thesis to play out.\nSpire Global (SPIR)\nSource: T. Schneider / Shutterstock.comSpire Global (NYSE:SPIR) provides space-based data and analytics services, offering insights about Earth from a unique vantage point.\nAlso, SPIR is the least speculative option on this list. So, the upside may be slightly less, but there’s less speculation involved as the tradeoff.\nSPIR reported strong financial performance for 2023, achieving positive cash flow from operations and solidifying its revenue growth trajectory. Q4 2023 revenue was reported at $27.7 million, contributing to a total of $105 million for the year. This marks a record-setting 10th consecutive quarter of revenue growth. It’s been driven by new customer acquisitions and increased adoption by existing clients.\nFor 2024, Spire Global aims to sustain this positive momentum by launching new satellite missions, expanding its space services offerings and enhancing data analytics through partnerships. Additionally, the company forecasts further growth. Especially with the new missions backlog at a record level, it includes new contracts for satellite constellation management as well.\nOn the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nMatthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.Industrial, Space\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/05/3-space-stocks-with-the-potential-to-make-you-an-overnight-millionaire/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432895656"}