SPCE - I Wouldn't Touch This Space IPO With a 62-Mile Pole
Up until about 2018, if you wanted to invest in space , you really only needed to know a few names : United Launch Alliance (the joint venture between Boeing and Lockheed Martin ), Northrop Grumman (which became a space company by buying Orbital ATK), and rocket engine-maker Aerojet Rocketdyne were the big three names in space. Widen the lens a bit, and you might also consider stocks such as satellite communications company Iridium or Earth-imaging company Maxar Technologies .
After 2018, though, the industry really began opening up.
In 2019, Virgin Galactic (NYSE: SPCE) became the first pure-play space company to IPO in years, and the first-ever human spaceflight company to IPO via "special purpose acquisition company" (SPAC). A year later, 2020 brought rumors of an impending IPO by SpaceX's satellite internet subsidiary Starlink , and confirmed plans by the Stable Road (NASDAQ: SRAC) SPAC to bring space tug company Momentus public. And before the year was quite over, we got even more news:
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I Wouldn't Touch This Space IPO With a 62-Mile Pole