Space Stocks To Monitor As Economic Positivity Comes Back

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2023-02-01

$Virgin Galactic(SPCE)$ 

$Rocket Lab USA, Inc.(RKLB)$ 

$ARK Space Exploration & Innovation ETF(ARKX)$ 

Space exploration used to be dominated by governments, but private companies have taken the reins in recent years. Space companies present a massive opportunity for investors -- according to a Morgan Stanley study, the sector could be worth $1 trillion by 2040.

However, buying space stocks isn't without risk. These companies are attempting to push the limits of technology while at the same time attempting to figure out how to make their businesses profitable. And amid 2022's volatile market conditions, young companies that have yet to profit have taken the biggest share price hits -- among them, many space industry stocks.

If you're able to handle the risks, though, there are opportunities in the sector that could eventually reward you handsomely. Three intriguing investments you can buy the dip on today are Virgin Galactic (SPCE 2.60%), Rocket Lab USA (RKLB 1.84%), and ARK Space Exploration & Innovation ETF (ARKX 2.41%).

Focus on Jackson Hole Annual Meeting
Federal Reserve Chief Jerome Powell said the central bank would keep hiking rates to tame inflation.
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

  • bubblyx
    2023-02-02
    bubblyx
    Market and SPCE on course. This is great for the 1st space tourism flight. Maybe the $100 can happen that others have been talking about. Seems far away, but you never know.
  • cheerzy
    2023-02-02
    cheerzy
    SPCE could be a Tesla future. I used my long term investment account to buy this stock. This is long term stock. keep buying it.
  • frosti
    2023-02-02
    frosti
    This stock is a long hold. They brought it down to buy it cheaper. Just keep adding. It will just keep going up from here.
  • _J_R_
    2023-02-01
    _J_R_
    K
  • ChinCY
    2023-02-01
    ChinCY
    888
  • Hewx
    2023-02-01
    Hewx
    Ok
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