Space Stocks To Buy In 2021

black hole galaxy illustration

Source: Unsplash

Over the weekend, we found out that the year-old U.S. Space Force members would be known from now on as "Guardians."

While it brought on the inevitable comparison to Walt Disney Co.'s (NYSE: DIS) Guardians of the Galaxy franchise, it is worth noting that Space Force is shaping up as we near 2021.

While still in infancy, the space industry is building steam. And we now have a few space stocks to buy headed into the new year.

Space Force has its first two bases already. The Patrick Air Force Base in Cocoa Beach and the Cape Canaveral base have both been renamed as Space Force bases. Space Force also got a $2 billion allocation in the spending bill passed by Congress on Monday.

While the Biden team has not talked much about Space Force, it is viewed as unlikely that they would move to disband it. Space will be a big part of the global geopolitical situation in the future, and that's highly unlikely to change.

Mr. Biden has made commitments to NASA and increased space travel during his administration.

Between NASA and Space Force, the space race stocks should continue to do very well. Here are some of those stocks to buy now…

Space Stocks Partner with Defense

Over the weekend, Lockheed Martin (LMT) made its latest bid to be a big player in the new version of the space race.

Lockheed is spending $4.4 billion to buy $4.4 billion Aerojet Rocketdyne Holdings Inc. (NYSE: AJRD). Aerojet is one of the biggest manufacturers of rocket propulsion systems in the world. It has been part of every U.S. space and missile program since the start of the cold war decades ago.

Aerojet has also built the rocket thruster on every U.S. interplanetary space mission since the first Apollo flights back in the early 1960s.

The purchase will position Lockheed to compete against Elon Musk's SpaceX and Jeff Bezos' Blue Origin in the space industry.

Lockheed is already a big player in the space business as it is part owner of the United Launch Alliance and is big in the satellite business as well.

1 2 3
View single page >> |

Disclaimer: Any performance results described herein are not based on actual trading of securities but are instead based on a hypothetical trading account which entered and exited the suggested ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.