Bulletin
Investor Alert

July 20, 2021, 11:17 a.m. EDT

5 Space Travel Stocks To Watch Amid Bezo's Successful Space Flight

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.

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?

Read More

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?

[Read More] Best Cyclical Stocks To Invest In Now? 5 Names To Know

Lockheed Martin Corporation

Lockheed Martin Corporation (LMT) is an aerospace and technology company that is engaged in developing advanced technology systems. Notably, the company had approximately $11.9 billion in 2020 sales for its space segment, which includes the development of commercial and government satellites, strategic missiles, mission solutions, and deep space exploration lines of business.

Last week, the company announced that it has opened an advanced manufacturing facility to expand the Orion spacecraft production. Dubbed as the Spacecraft Test, Assembly, and Resource (STAR) center, it will feature business and digital innovations that will expand manufacturing and testing capacity for NASA's Orion spacecraft program and ultimately pave the way for future space exploration. Under the company's contract with NASA, the agency has committed to order Orion vehicles for six missions, with the potential to add another six through 2030. With that in mind, will you consider buying LMT stock?

[Read More] Up And Coming Stocks To Buy Right Now? 3 Retail Stocks In Focus

Maxar Technologies Inc.

Another name to consider among space travel stocks now would be Maxar Technologies Inc. In brief, the company identifies itself as an "earth intelligence and space infrastructure" innovator. Simply put, the company develops and manufactures global broadband communications tech for government and commercial customers. The likes of which would apply to space travel and space exploration efforts. Given the vital nature of Maxar's offerings, the company could stand to benefit from space travel stocks in the long run.

With the company set to report its second-quarter fiscal on August 4 next month, could it be worth watching? Well, if anything, the company appears to be hard at work on the operational front right now. As of last week, Maxar's work on a Power and Propulsion Element (PPE) for NASA continues to break new ground. In particular, Maxar revealed that the preliminary design review for the PPE went smoothly, setting the project on track for a 2024 launch. Overall, Senior VP Chris Johnson believes that Maxar's progress on the PPE serves to show that the company is gearing up to "meet a broad range of civil, commercial, and national security mission needs." Given all of this, would MAXR stock be a top buy for you?

[Read More] 4 Artificial Intelligence Stocks To Watch Right Now

Astra Space Inc.

Following that, we will be taking a look at Astra Space Inc. In short, the California-based company primarily focuses on facilitating space launches. Notably, the privately-funded company is the fastest in history to reach space. In terms of scale, the company currently holds over 50 launches under contract in its current portfolio. As it stands, the company is planning to deliver customer payloads into orbit with daily launches by 2025.

ASTR stock is currently trading at $9.44 a share as of 11:14 a.m. ET. Given all the hype around orbital space travel now, would it be a good investment? For the most part, Astra's services would see greater demand on the commercial front should commercial space travel efforts grow. Because of this, I could see ASTR stock getting some time in the spotlight amongst space travel stocks. While time will tell if this can translate to long-term gains now, will you be keeping an eye on ASTR stock?

COMTEX_390119654/2688/2021-07-20T11:17:27

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

Link to MarketWatch's Slice.