3 Space Stocks That AI Is Loving in July
Wednesday, 12 July 2023, 11:48:48
When I asked Bard for some “out of this world” information on investing in space stocks , it gave me Virgin Galactic (NYSE: SPCE ), Rocket Lab USA (NASDAQ: RKLB ), and the iShares U.S. Aerospace & Defense ETF (BATS: ITA ). It also said, “ The space industry is still in its early stages, and there is no guarantee of success for any individual company. However, the potential rewards for investors who are willing to take on the risk could be significant.” For one, optimistic analysts at Bank of America and Morgan Stanley , for example, say the space economy could grow by over $1 trillion a year in the next decade. Two, Virgin Galactic just conducted its first commercial space tourism mission. And three, even though the missions don’t reach orbit, companies, like SPCE, have a backlog of customers who have already paid more than $450,000 per ticket to traverse space for just a few minutes. Virgin Galactic (SPCE) Source: Ink Drop / Shutterstock.com According to Bard, Virgin Galactic (NYSE: SPCE ) “is a company that is developing suborbital spaceflight vehicles.
ITA ETF: Why It Deserves Its Valuations (BATS:ITA)
Tuesday, 7 March 2023, 17:18:59
iShares Trust – iShares U.S. Aerospace & Defense ETF is an exchange traded fund launched by BlackRock, Inc. Click here to read my analysis of ITA ETF.
— Seeking Alpha
3 Reasons to Sell Your Defense Stocks Now
Sunday, 5 March 2023, 00:26:56
Bloomberg Published an article in February that discussed the failings of the U.S. Military. If you read it, you may immediately want to sell any defense stocks you own. According to the Center for Strategic and International Studies (CSIS), if the U.S. were to get into a scrap with China over Taiwan, it would run out of long-range, precision-guided munitions in less than a week. That’s not a comforting reality. Nor is it reasonable that the defense industry’s innovation and competitive nature have disappeared. “The defense sector has moved from more than 70 aerospace and defense ‘prime contractors’ that worked directly with the government in 1980 to just five by the early 2000s, the same number as today: Lockheed Martin Corp., Raytheon Technologies Corp., General Dynamics Corp., Northrop Grumman Corp., and Boeing,” Bloomberg’s 20 February article stated. The efforts to keep Ukraine weaponized have revealed a nasty truth about the American military complex: It’s held together with duct tape.
7 Stocks to Buy for the Next Frontier of Space Exploration
Monday, 13 February 2023, 12:15:44
Space stocks are on the launchpad. Should all go well, the industry could be worth up to $800 billion by 2030 , says UBS, as reported by Forbes. By 2040, the industry could be worth $1 trillion, added Morgan Stanley . Plus, there’s already a good deal of pent-up demand. According to analysts at Cowen, 39% of people with a net worth of more than $5 million are already interested in paying at least $250,000 for a flight, says CNBC . Even billionaires are jumping on the bandwagon. Richard Branson’s Virgin Galactic wants to launch the first commercial space flights with seats already reserved at $250,000 a pop. Jeff Bezos is devoting more time to his Blue Origin space venture. Elon Musk’s SpaceX is even raising capital at a $137 billion valuation. While it’ll take some time to get space tourism right, there’s plenty of excitement. In fact, here are seven stocks just waiting to blast off. SPCE Virgin Galactic $4.98 ARKX ARK Space Exploration & Innovation $13.81 ROKT SPDR S&P Kensho Final Frontiers ETF $41.69 ITA iShares U.S.
VAH Delivered Its Second New Airbus A220-300 in 2022 and Announces Five More A220 Aircraft Under Sale and Leaseback
Thursday, 26 January 2023, 20:49:00
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