Missed Out On The SpaceX IPO? Buy These Industrial Giants Instead.
Investors can gain exposure to the space boom through established defense contractors benefiting from Golden Dome spending without relying on SpaceX alone.
Overview
Space Exploration Technologies' (NASDAQ: SPCX) IPO was the hottest ticket of the year, and if you didn't get a piece, the fear of missing out is real.
But here's something the frenzy overlooked: You don't need SpaceX to invest in space. A handful of established industrial giants are cashing in on the same boom, and they come with steadier businesses and, in most cases, a dividend check while you wait. There's a powerful tailwind behind them, too -- the U.S. government's push to build a space-based missile shield known as Golden Dome, which is funneling tens of billions of dollars toward satellites, sensors, and rockets.
Details
Lockheed Martin (NYSE: LMT) is about as close to a one-stop shop for national-security space as you'll find. It builds satellites, missile-warning systems, and the Orion crew capsule, and late last year it won a roughly $1.1 billion award to deliver 18 missile-tracking satellites for the Space Force. It's also positioned at the center of the Golden Dome effort.
Source
Originally published at www.fool.com.