Here's the Best Space Stock to Buy If You Want Passive Income
Let's get this out of the way right at the outset: If earning passive income -- dividend payments -- is your primary aim in investing, then investing in the space sector might not be your first choice.
The number of "space stocks" trading on stock exchanges exploded in size during the pandemic, as multiple so-called "new space" companies went public via SPAC transactions. This expansion in the range of choices to invest in may inspire investors to look to the space sector for potential passive income investments.
And yet most of these newer space companies -- names like Rocket Lab, Virgin Galactic, and Planet Labs -- are still early in their growth stage. They need to invest their capital in research and development and sales growth, and have little money left over for dividend checks.
Source Fool.com
