Jul 20, 2021 (StockMarket.com via COMTEX) -- Are These The Top Space Travel Stocks To Buy Now?
As investors navigate the current volatility in the market, space travel stocks appear to be taking flight. Understandably, this sector of the stock market today continues to gain momentum as investors consider the merits of commercial space travel. Sure, conventional travel stocks such as Carnival Cruise ( NYSE: CCL ) and Delta Airlines ( NYSE: DAL ) may be dipping. However, with the promise of the new frontier of space, more adventurous investors could be eager to fuel the current hype around space travel stocks. So much so, that they appear to be the latest stock market trend to jump on now.
Notably, Amazon ( NASDAQ: AMZN ) founder Jeff Bezos and Tesla ( NASDAQ: TSLA ) CEO Elon Musk continue to fuel this trend. Today, Bezos and Blue Origin had it's first successful voyage into space via Blue Origin's New Shepard rocket ship. 52 years after the initial Apollo 11 moon landing, Bezos's flight would be the second of its kind just this month. Elsewhere, Elon Musk is also looking to make a similar play with SpaceX, the first private company to send humans to orbit. While the long-term growth potential of space travel remains to be seen, space travel stocks seem to be in focus right now. With all that said, here are five space travel stocks making waves in the stock market now.
Best Space Travel Stocks To Buy [Or Sell] Now
Virgin Galactic Holdings Inc. ( NYSE: SPCE )
Boeing Company ( NYSE: BA )
Lockheed Martin Corporation ( NYSE: LMT )
Maxar Technologies Inc. ( NYSE: MAXR )
Astra Space Inc. ( NASDAQ: ASTR )
Virgin Galactic Holdings Inc.
Virgin Galactic is a spaceflight company that is headquartered in California and operates from New Mexico. It is a vertically integrated aerospace company that pioneered human spaceflight for private individuals and researchers. SPCE stock currently trades at $30.13 as of 11:14 a.m. ET and has been up by over 30% year-to-date. The company made history recently by completing its first fully crewed commercial spaceflight.
On July 11, 2021, Virgin Galactic founder Sir Richard Branson along with a full crew in the cabin, successfully reached space, completing the company's fourth rocket-powered spaceflight. The company said that it had achieved a landmark and a historic moment for the new commercial space industry. This would also pave the way for future commercial flights and the next generation of astronauts. VSS Unity achieved a speed of Mach 3 after being released from the mothership VMS Eve. Given the excitement surrounding this piece of news, will you consider buying SPCE stock right now as a new age of commercial spaceflight is ushered in?
The Boeing Company
Boeing is a multinational corporation that is a leader in the aviation and aerospace industries. It supports airlines and government customers in more than 150 countries. The company's products and services include commercial and military aircraft, satellites, launch systems, and communication systems. BA stock currently trades at $211.87 as of 11:14 am E.T. The company will be announcing its second-quarter financials on July 28, 2021.
Last week, the company announced a partnership with SkyNRG to scale sustainable aviation fuels globally. Boeing will also invest in SkyNRG Americas' SAF product project. In essence, both companies will work together to accelerate SAF development globally, focusing on scaling production capacity, building awareness, and engaging stakeholders throughout the value chain, including airlines, governments, and environmental organizations. All things considered, will you buy BA stock?