SIDU - Penny Stocks that are Really going to the Moon

2024-02-21 07:31:09 ET

DENVER, Colo., Feb 21, 2024 (www.247marketnews.com)- While technology continues to try to close the imagination gap, humanity is still in the early exploratory phase of space, so we’re still mostly limited to space probes and cameras equipped with our best technology.

In fact, there are plenty of spots that none of the 8 billion people have yet to explore.

Considering the stakes, one would assume that the companies making the most progress would be very serious well-funded operations that are ready to take the next leap for mankind.

Space X, a private company valued at $175 billion, is the most serious of the companies and its valuation could soar, once Musk is ready to begin delivering his technologies to the moon.

Musk already outsmarted some of the legacy auto manufacturers and is likely to advance AI that can send the first robot construction crew to build a Moon base and quickly off to Mars after that. Space X while still private represents the best hopes and dreams of all of humanity and will likely be a Trillion Dollar space exploration company. If he continues to follow his Tesla (NASDAQ: TSLA ) successes, Space X will likely become the first trillion-dollar space exploration company.

The good news is that it should probably happen in our lifetime. Musk has indicated sometime in the next decade, and if you’ve read anything about him, keeping deadlines is important for who could be humanities best manager.

So, who else is in the space race?

(NASDAQ: LUNR )  Intuitive Machines was founded in 2013 with the goal of making its IM-1 the first commercial lunar lander, and the first United States spacecraft, to land on the Moon since Apollo 17, in 1972; while its Nova-C spacecraft “will spearhead this trailblazing mission toward creating a commercial lunar economy, delivering commercial and NASA payloads that will pave the way for sustainable human lunar missions.”

Intuitive Machines raised close to $1billion and its stock skyrocketed, following last year’s going public via SPAC move, but the Houston based company’s market had a problem, as it returned to Earth and hit a low of $2.0894.

However, LUNR’s 2024 year-to-date chart is looking strong, especially after its steady rise over the last few days, following the IM-1 mission news; as the Nova-C Lunar Lander’s successful launch to the moon aboard the SpaceX falcon 9 rocket.

The launch has also given investors a reason to cheer as the stock has lifted off hitting a high of $12.05, yesterday, nearly doubling from our recent coverage and lifting it from pennyland for the first time in nearly six months.

LUNR’s Nova-C moon landing is scheduled to happen on February 22 and when a company with an estimated 10 million shares in the float and trades more than 15 million shares in a session, like it did this past Friday, this could turn into a to the moon play.

Intuitive Machines announced a $20 million equity investment from an institutional investor and reported having $40 million in cash as of the end of the third quarter.

Intuitive Machines website: intuitivemachines.com .

Sidus Space (NASDAQ: SIDU ) bills itself as “a Space and Data-as-a-Service satellite company focused on mission-critical hardware manufacturing; multi-disciplinary engineering services; satellite design, production, launch planning, mission operations; and in-orbit support. The Company is in Cape Canaveral, Florida, where it operates from a 35,000-square-foot manufacturing, assembly, integration, and testing facility focused on vertically integrated Space-as-a-Service solutions including end-to-end satellite support.”

Yet Sidus Space is another company that uses the Space X Titan Rocket and it’s another low float listing, estimated at 2.6 million, which helps explain its volatile trading. For example, we covered its January 3 ^rd news when the stock was around $8 and watched it hit a high of $18.84.

SIDU recently raised approximately $5.6 million and returned to pennyland, closing yesterday’s trading at $4.60, but with its planned Lizzie Sat launch, coming up this year, it seems that it should lift off and a move back over $10 could happen.

Telsat (NASDAQ: TSAT ) is Canada’s version of Musk’s Star-Link. The stock ran from around $8 to over $22 last summer and, although it’s since dropped, it’s still holding above $9, so it’s managed to stay just above penny stock altitude.

Telesat expanded globally and developed new satellite technologies, culminating in the upcoming Telesat Lightspeed broadband low Earth orbit [LEO] constellation. It launched a test satellite with SpaceX in July and inked a deal for SpaceX to launch its constellation starting in 2026. Telesat guided that Lightspeed will have 156 satellites in orbit by Q2 2028.

Lightspeed will mirror SpaceX’s Starlink operational model and capabilities – but there’s a twist. The Lightspeed constellation will provide space-based internet services primarily to government and enterprise customers. This competitive positioning will help give it a first-mover advantage in tailoring to these segments.

Telesat Corporation generates income by renting out satellite bandwidth to broadcasters, ISPs, and governments, focusing on long-term agreements. Some factors driving demand for its services include high-speed internet access in remote and underserved areas and secure communication channels for corporations and government agencies.

Telesat operates in a single operating segment, providing satellite-based services. In 2022, revenue was $759 million , with 47% from broadcast services, 51% from enterprise services, and 2% from consulting and other services.

All of these companies and many others orbit around Elon’s Space X. Without his Falcon heavy rocket, we would have to wait for Nasa and DARPA to perfect their nuclear-powered rocket engine.

All of these stocks could see momentum shift as launch dates approach and all could reward Investors with a virtual trip to the moon, or at least the upper atmosphere.

The post Penny Stocks that are Really going to the Moon first appeared on 24/7 MarketNews .

For further details see: