Is Now the Time to Buy Space Flight Stocks?
It was only a couple of years ago when special purpose acquisition companies (SPAC) stocks (i.e., stocks representing shell companies with no material business operations, but which would help start-up businesses get listed on major stock exchanges through business combinations), and space flight stocks in particular (some of the best-known ones being brought to the market via SPACs), took flight and stayed in orbit for a brief time. As it turned out, however, gravity set in fairly quickly and the majority of these stocks ran out of rocket fuel.
Still, even after their failure to launch, space flight stocks may continue to appeal to starry-eyed speculators with big dreams and some cash burning a hole in their pockets. Ultimately, there may be reasons for risk-on rocketeers to give some of these stocks a shot this summer.
The collapse of Virgin Orbit didn't necessarily leave a gaping hole in the space flight stock niche, but it did remind prospective investors of the old saying, carpe diem. Any of these companies, even if they start off with fanfare and bravado, could fail at any given moment.
Source Fool.com
