1 Stock To Buy For The Trillion-Dollar Space Economy (Hint: It's Not SpaceX)
Intuitive Machines could have more upside potential in this frothy market.
Overview
The global space economy could expand from $626 billion in 2025 to $1.8 trillion by 2035, according to McKinsey's latest estimates. Many investors might think SpaceX (NASDAQ: SPCX), which just went public, is the top play on that secular trend.
However, SpaceX's unprofitable space and AI businesses will wipe out Starlink's profits for the foreseeable future, and it still trades at more than 100 times last year's sales. So instead of chasing SpaceX right now, it might be smarter to buy Intuitive Machines (NASDAQ: LUNR).
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.