As Elon Musk dreams of Mars missions and billionaires await their turn to join the first civilian trips to space, investors have been betting billions of dollars on the top contenders in the space race. Here are our top 10 stocks to keep an eye on.
Retired billionaire Jeff Bezos' Blue Origin is developing rockets, rocket engines, satellites, and a moon lander, and has entered into various contracts with NASA. The company also plans to offer space tourism. Yet to launch a crewed mission, Blue Origin has successfully carried out uncrewed test flights.
In spite of a failed test flight and a slight stock-market drop, the company is not too far from announcing space tourism services. Its plans for intercontinental supersonic flights are also very advanced.
The aircraft veteran is building space taxis and some of the most powerful spacecraft in development. Boeing is working on several projects for NASA.
Procure Space ETF
The space ETF boasts an interesting mix of holdings in Boeing, Maxar, Iridium, Intelsat, and Airbus.
ARK Space Exploration ETF
According to SEC filings, an ETF in the works. It will focus on companies developing “technologically enabled products and/or services that occur beyond the surface of the Earth."
Valued at $2.1 billion, Astra is merging with Holicity and will be traded on Nasdaq. The company has launched test flights from its base in Alaska and projects to launch one rocket per month during the second half of 2021.
A maker of satellites for NASA, Lockhead built the Mars InSight lander, which reached the red planet in late 2018. Involved in joint ventures with Boeing, the company has just announced it will pay $4.4 billion to acquire Aerojet Rocketdyne to enhance its space projects and hypersonic weapons.
Northrop Grumman joined the game when it acquired rocket maker Orbital ATK in 2018. It is now developing a rocket with Air Force funding, making satellites, and developing a telescope for NASA. Northrop is also partnering with Lockheed and Blue Origin to build a moon lander for NASA.
Maxar is developing components for NASA’s Lunar Gateway space station. It was also chosen by NASA among several companies that are projecting the design of a moon lander.
Investors can’t wait for Elon Musk’s company to go public. SpaceX is launching an all-civilian mission to space later this year, and it provides regular services to the International Space Station. The company’s satellite making unit, Starlink, is projected to launch an IPO over the next few years.