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Some space stocks have skyrocketed this year, so caution is in order, but these picks may eventually go to the moon.
Key Points Space companies rushed to go public in 2020 and 2021, but many of their stocks crashed in 2022. The IPO market is reviving this year, and space stocks are popular again.
Buy space stocks, and you can have a bit of both. How much are space stocks worth? This question popped into my mind last year as I watched shares of SPAC-sponsored space companies crater in price.
Chamath Palihapitiya has been involved with a number of high-profile SPAC deals, including SoFi and Virgin Galactic. Both Palihapitiya's personal track record and the long-term performance of the ...
The latest space SPAC IPO to hit the market is Vector Acquisition (NASDAQ: VACQ), which announced earlier this month that it will bring public small rocket launcher Rocket Lab in Q2 2021.
Problem is, a lot of these SPAC ideas proved half-baked. Among space stocks that went public as SPACs in those years, losses in stock prices post-IPO reached as high as 90% as early as 2022.
Key Points Space companies rushed to go public in 2020 and 2021, but many of their stocks crashed in 2022. The IPO market is reviving this year, and space stocks are popular again.