This Space Economy Growth Stock Is Under $5: Should You Buy Shares Today?
The space economy has boomed for the last few years. Interest has been reinvigorated in the final frontier, spurred on by geopolitical competition as well as private companies such as SpaceX. Analysts expect the sector to hit over $1 trillion (with a T) in annual spending by 2030, which would make it one of the largest industries worldwide.
An issue arises for individual stock investors, though: How do you bet on the growth of the space economy? SpaceX is large but private, and public sector investments flow through to national laboratories and NASA. A lot of space economy stocks have been proven to be no more than a bunch of hot air, destroying tons of shareholder value in recent years.
So what can investors do to invest in the space economy? Enter Rocket Lab (NASDAQ: RKLB). The space flight start-up might be the second coming of SpaceX and is executing an ambitious roadmap to become one of the backbones of the space economy. Should you buy shares with the stock trading under $5?
Source Fool.com
