3 Space Stocks to Buy Before the 2024 Total Solar Eclipse | Markets


The upcoming total eclipse is an opportunity to begin exploring space stocks amid renewed interest.

All eyes are on the upcoming eclipse, with cities reporting record hotel and campground reservations while others preemptively declare states of emergency to deal with high traffic as sightseers flood local areas. It’s also sparking renewed interest in space stocks to buy, a sector that’s slowly regaining ground lost over the past few years.

Space stocks, after their meteoric rise in 2020, have since come back down to earth, with many companies falling from their previous peaks. In 2020, as a group, space stocks achieved a 64% return, but 2022 saw a significant downturn with a 12% loss, albeit still outperforming the S&P 500. While the outcome for 2023 remains undecided, space stocks are likely to end the year relatively flat.

However, space remains an attractive long-term investment avenue for those who can sidestep exaggerated excitement and unrealistic expectations. According to Barron’s, the space industry is on track to grow into a $1 trillion market, with some even more optimistic predictions estimating that operational space activities, including missions between Earth and the moon, could soar to $10 trillion by 2050.

Despite the variability in financial projections, space stocks hold a promising outlook. Three specific space stocks rise above the rest, showcasing strong long-term potential that is firmly rooted in present-day realities and exemplifying the space industry’s best prospects.

Rocket Lab USA (RKLB)

Source: T. Schneider / Shutterstock.com


read more investorplace.com

FTC: We use income earning affiliate links. More on Sposored links.
Terms of use and third-party services. More here.

Ad Amazon Minecraft Clothing, toys, and accessories.

Stay connected throughout the year with official, ongoing Microsoft podcasts.
Microsoft Podcasts Apple | Microsoft podcasts YouTube

“Awakening is not changing who you are, but discarding who you are not.” —Deepak Chopra
“It does not matter how long you are spending on the earth, how much money you have gathered, or how much attention you have received. It is the amount of positive vibration you have radiated in life that matters.” —Amit Ray
“Spirituality is recognizing and celebrating that we are all inextricably connected to each other by a power greater than all of us and that our connection to that power and to one another is grounded in love and compassion. Practicing spirituality brings a sense of perspective, meaning, and purpose to our lives.” —Brené Brown

Related Posts