2/25/2023 0 Comments Freespace stockHowever, Virgin Galactic has run into some turbulence as it attempts to ready its spaceship for commercial service. Founded by serial entrepreneur Richard Branson, the company has been public since a 2019 deal to merge with a special purpose acquisition company ( SPAC) run by another famous investor, Chamath Palihapitiya. Virgin Galactic is focused on space tourism. Even without Aerojet, space accounts for more than 15% of company revenue. Lockheed Martin had hoped to expand its space presence via an acquisition of Aerojet Rocketdyne, but the company walked away after hearing regulators object to the power the combination would have. Its space unit gives it exposure to some of the fastest-growing development areas in defense, including hypersonic missiles able to travel at more than five times the speed of sound. Lockheed historically has focused on business for the Pentagon and NASA, although it does have some commercial customers. Lockheed Martin is best known as the maker of the F-35 Joint Strike Fighter, but the company also has an extensive space business focused on the manufacture of satellites and missiles, as well as a massive launch business via a joint venture with Boeing ( NYSE:BA). Satellite imagery expert for government and commercial users.įocused on “space tugs,” small satellites designed to pull debris and failed satellites out of the way. One of the nation’s primary suppliers of rocket engines. Launch specialist that is attempting to vertically integrate the space supply chain. Hopes to be shuttling people to the outer reaches of Earth’s orbit by year’s end. Space tourism stock backed by Richard Branson. The world’s largest defense company has a substantial space business, including launch and satellite manufacturing capabilities. The market is rapidly growing, but the number of potential customers for these businesses is still relatively small, and the government still has a major role in determining what gains altitude.īut for those who believe they have the right stuff and are willing to tolerate the risk in hopes of reaping big rewards, here are some of the more intriguing options for space investors. And even the best in this business experience trial and error as they bring new innovative products online. There’s a lot of risk here since this is literally rocket science. Morgan Stanley believes global space could be a $1 trillion industry by 2040. The potential is as vast as the sky itself. Space investors can pick between established defense titans and narrowly focused start-ups and companies building things in the heavens and those transporting those products into orbit.
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