In this article, we present to you the 16 Best Space Stocks to Buy Now. If you’re in a hurry, click to skip ahead and jump to the 5 Best Space Stocks to Buy Now.
What lies beyond the Earth’s atmosphere is breathtakingly beautiful. A common definition of space is the Karman Line, the imaginary boundary 100 kilometers (62 miles) above the sea level. On October 4, 1957, the Union of Soviet Socialist Republics launched Sputnik, the first artificial satellite to orbit the Earth. On April 12, 1961 history was made when Russian cosmonaut, Yuri Gagarin became the first human in space. And since then, human’s interest in space skyrocketed.
According to BizVibe, The global space industry is currently worth $414.8 billion. In 2019, space companies raised a record of $5.8 billion in private investments. Totaling investments to $26 billion since 2009. Evidently, the amount of money invested in space companies each year is increasing significantly. In the USA alone, the space industry was valued at approximately $158 billion and could grow into a trillion-dollar industry by 2040.
The space industry has appeared to be a viable sector with serious growth potential in the coming years. However, the industry was not immune to the economic downturn caused by COVID-19. OneWeb, one of the leading satellite internet broadband service providers filed for bankruptcy in the midst of the pandemic, and space missions had either been suspended or delayed.
Despite the negative effects of the pandemic, the space industry was able to bounce back with the news that new constellations of satellites are due to enter low-Earth orbit in the coming years, news of satellite-based internet, space travel, and news on point-to-point transport around the earth.
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Investors’ interest in space exploration was further sparked when CEO Elon Musk, the world’s richest man and founder of Tesla (TSLA) and SpaceX successfully completed its first manned mission on May 30, 2020. This event made the company the first private company to launch astronauts for NASA. SpaceX is a privately held company.
The Biden Administration could further spark this interest as Biden is committed to support NASA’s work to return Americans to the moon and go beyond Mars. Andrew Chanin, co-founder, and CEO of ProcureAM said that space should be a priority for any administration.
“We’re actually really encouraged, although the previous administration has really done a lot to push the space industry forward, both from a commercial and military and defense standpoint. So, we believe that space is something that’s here to stay and should and will be potentially a priority for any administration in the future.”
We believe we will start with colonizing the moon first and after we perfect our technology and skills our next stop is going to be Mars. Here is what NASA said about this:
NASA’s human lunar exploration plans under the…
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