2 Space Stocks to Buy in August
The space economy is heating up, and with these two space stocks down about 50% from their highs, now could be an excellent time for investors to scoop up shares.
Overview
Space stocks blasted off earlier this year after Space Exploration Companies (NASDAQ: SPCX), better known as SpaceX, made its long-awaited public debut in early June. But the rally quickly lost altitude as investors began asking a tougher question: Can the space economy grow fast enough to justify today's valuations and heavy cash burn?
Looking a decade ahead, the space economy is expected to boom. According to McKinsey estimates, the space economy is projected to grow to $1.8 trillion by 2035. McKinsey credits the space economy's rapid growth to plunging launch costs, innovations in hardware technology, and growing investments from both the public and private sectors.
Details
For investors seeking long-term exposure to the expanding space economy, here are two space stocks to scoop up in August.
Source
Originally published at www.fool.com.
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