Investments in space exploration and human spaceflight companies have increased dramatically. Elon Musk, CEO of Tesla Inc., and Jeff Bezos, CEO of Amazon.com, have invested billions. According to Morgan Stanley, the space industry will be worth $1 trillion by 2040. SpaceX and Jeff Bezos’s Blue Origins are likely to be at the forefront of this boom. Morgan Stanley anticipates that investments in space will spread to the information technology and telecommunications sectors. Commercial applications of space are likely to dominate discussions as private funding in the space sector increases. In 2019, the United States announced the formation of a Space Force, a new military branch dedicated to space security, combat power projection, space mobility, and logistics information mobility.
Here is Insider Monkey’s list of the 10 best space stocks to buy now. The market capitalization of Rocket Lab USA, Inc. is $87 million. The company is primarily focused on the development of rocket launch and control systems. The company announced on August 23 that it would begin developing and manufacturing two interplanetary Photon spacecraft for a Mars science mission. Astra Space, Inc. is a space launch company based in California. It ranks ninth on the list of the top ten space stocks to buy right now. Deutsche Bank initiated coverage on July 27 with a Buy rating and a price target of $13. ASST SpaceMobile, Inc. is ranked eighth on the list of the top ten space stocks to invest in right now. The company provides mobile broadband services based in space. AST SpaceMobile was initiated into coverage by Barclays with an Overweight rating and a $29 price target. Maxar Technologies Inc. is ranked number seven on the list of the top ten space stocks to buy right now. The company is based in Colorado and specializes in earth intelligence and space infrastructure solutions. The company is headquartered in New Mexico and provides solutions for human spaceflight. With a Buy rating, Jefferies initiated coverage of Virgin Galactic Holdings, Inc. By 2030, the desire to explore space could boost the firm’s revenue to $1.7 billion. For more details, click 10 Best Space Stocks To Buy Now.
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