![]() Here’s the catch: tickets cost a staggering $450,000. The company recently made headlines after announcing plans to sell tickets to the public with reservations opening in February 2022. As far as actual revenue, it reported just $3.3 million and $353 million in losses in 2021. Virgin Galactic went public via a SPAC merger with Social Capital Hedosophia in 2019. In other words, it flies wealthy people into space. Instead, it’s one of the world’s only space tourism companies. Remember when I said that space stocks and companies make money in different ways? Well, Virgin Galactic Holdings (NYSE: SPCE) doesn’t want anything to do with NASA contracts. And with these top space stocks you also benefit from their diversification in other industries. While these companies are better classified as defense contractors, they’re still a good way to get exposure into the space industry. Even if NASA paid Boeing 100% of the open contracts, it would still be a small slice of Boeing’s total revenue. For reference, Boeing reported over $62 billion in revenue in 2021. This means that they won’t be crushed if one rocket launch fails to get into orbit.įor example, remember that NASA has a budget of about $24 billion in 2022. They also have operations outside of space-related activities. However, these three space stocks have been winning government contracts for years. Many of the players in the space industry are young and unproven. These companies build rockets, satellites and other things that go into space. I’ve lumped Lockheed Martin (NYSE: LMT), Boeing (NYSE: BA), and Northrop Grumman (NYSE: NOC) together for the sake of this article. Lockheed Martin, Boeing and Northrop Grumman Luckily, there are still a few public space stocks that you can invest in. This is true for Elon Musk’s SpaceX as well as Jeff Bezos’ Blue Origin. This means that they don’t have stock available for the public to buy. ![]() Today, a lot of the companies involved in spaceflight are privately owned. Traditionally, space exploration has mainly been handled by the government. For reference, NASA’s budget is approximately $24 billion for 2022. Most space companies that usually come to mind make their money by building parts for rockets and selling them to NASA. Charging for satellite services once they’re in the air.Being contracted by NASA or the Department of Defense to build rockets, satellites, etc.Charging money to launch things into space.One thing that’s important to note is that there are a few ways that space companies can make money: Yet, while most people drink coffee every day, almost nobody launches a rocket every day. And here are some of the top coffee stocks. For example, Starbucks makes money by selling coffee. For most companies, this is incredibly straightforward. How to Invest in Space StocksĪn important step to take before investing in any space stocks, make sure you understand how the companies make money. Please do your own due diligence before making any investment decisions. ![]() NOTE: I’m not a financial advisor and am just offering information and commentary. These space stocks could give your portfolio the boost it needs. To help, I’ve done some research on a few of the best stocks in the space industry. If you’re like me, you know that the space industry will be huge but aren’t quite sure how to take advantage. That’s all changed in recent years, however, as a slew of new companies have launched into the space race. ![]() Since then, the space industry has been relatively stagnant with few other major breakthroughs. The United States landing on the moon in 1969 was one of the most exciting times in human history. ![]()
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