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Top 4 Space Exploration Stocks to Buy Now:
These "rockets" could boost your long-term growth portfolio! Will SpaceX ever become a public company?
Some of the finest human achievements in history involve space exploration. Our DNA is wired to push our curiosity to new levels. Many of us stare into the night sky and dream of experiencing the weightlessness of space or visiting another planet. It used to seem like science fiction to occupy Mars, but technology has proven it to be a reality. Visionaries like Tesla's (NASDAQ: TSLA) Elon Musk have enabled a commercial segment of space exploration, and with some time, it could be the next big boost in your portfolio.
This July, billionaires Richard Branson and Jeff Bezos dominated headlines as space cowboys revolutionizing tourism into the next frontier. At first glance, it may seem that space tourism is the way to play this hot new megatrend. However, when you dig under the hood, you will find that this may not be the case.
Space exploration, although an exciting growth trend, is an unknown and speculative industry. There’s no question that there’s money to be made in this sector, but which stocks are the best long-term possibilities? Today, I am joined by FIRED Up Wealth’s Space Exploration moderators, who share their 4 favorite stocks in the sector.
The stock picks covered today may not be the ones that first come to mind. In fact, you may not have heard of a couple. The unanimous favorite is Rocket Lab (NASDAQ: RKLB), which some consider the baby brother to Elon Musk’s private company SpaceX. Rocket Lab is similar to SpaceX in the fact that both are end-to-end space companies delivering everything from launch services, spacecraft, satellite components, on-orbit management, and more.
If you aren’t familiar with this sector, this below will be time well spent. We break down the sector and share three additional stock ideas.
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Disclaimer:
I have been investing in the stock market for over 20 years, but I am not a financial advisor or a legal professional, and I am not providing financial or legal advice. The information provided is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs. FIRED Up Wealth and Eric Cuka do not make any guarantee or other promise as to any results that may be obtained from using our content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. Past performance is no guarantee of future results.
Cheers! -Eric
Top 4 Space Exploration Stocks to Buy Now 🛰
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