![]() ![]() Virgin Galactic ($4 billion, +55%) is an aerospace company focused on suborbital spaceflight for private individuals and researchers. The company also provides launch services under the United Launch Alliance partnership with Boeing BA. The company is developing the Orion spacecraft that is intended to be used in NASA’s human spaceflight programs that will venture into deep space and lunar orbit. Lockheed Martin ($108 billion market cap, +0% YTD), is a diversified aerospace company that also makes satellites and space craft for government and commercial customers. Parts of the analysis are summarized below. On the other side, Aerojet Rocketdyne was the worst performer, with its stock down by roughly 11% year-to-date.Īlthough SpaceX remains privately held, we’ve picked a theme of a few publicly listed space companies including Lockheed Martin (NYSE: LMT), Aerojet Rocketdyne (NYSE: AJRD), Iridium (NASDAQ: IRDM), and Virgin Galactic as part of our theme Space Stocks To Watch. Virgin Galactic has been the strongest performer within our theme, rising by about 39% year-to-date. The longer-term outlook for the sector also looks promising, given the shift from government-driven space programs toward enterprise-backed programs and the emergence of a host of space-related opportunities including reusable rockets, satellite-based Internet, and point-to-point transport. These high-profile trips are likely to create a lot of buzz for the space industry, turning the focus on publicly listed space stocks in the near term. Separately, privately held startup Blue Origin plans to fly its founder, e-commerce billionaire Jeff Bezos as part of its first crewed flight on its New Shepard rocket ship on July 20th. Earlier this month, Virgin Galactic (NYSE: SPCE) successfully completed its first fully-crewed test flight, which carried its founder Richard Branson to space. ![]() July is turning out to be an eventful month for the space industry. That said, things could look up for these stocks. Our theme of Space Stocks has underperformed this year, rising by just about 8% year-to-date, compared to a return of over 17% for the S&P 500. As we’ve noted before, the longer-term outlook for the theme also appears promising, given the shift from government-driven space programs toward enterprise-backed programs and the emergence of a host of space-related opportunities such as reusable rockets, space tourism, and satellite-based Internet. These high-profile developments could bode well for publicly listed stocks with exposure to the space theme. Moreover, Jeff Bezos’ BlueOrigin successfully launched the second crewed mission of its New Shepard rocket on Wednesday. This would make SpaceX the world’s second most valuable private company after China’s Bytedance. Elon Musk backed SpaceX saw its valuation soar to over $100 billion last week as the company made an agreement to sell stock from company insiders. ![]() However, there have been a couple of notable developments in the space sector in recent weeks. Our theme of Space Stocks has underperformed this year, declining 7% year-to-date, compared to a return of almost 18% on the S&P 500. (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images) AFP via Getty Images trading on the New York Stock Exchange (NYSE) on Octoin New York City. TOPSHOT - A logo of a Virgin Galactic is seen outside the building during the company's first day of. ![]()
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