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Space travel stocks to watch as billionaires fly to the moon

Unless you’ve been living on another planet, you may have heard the latest trend among billionaires: flying out to space.

Following in the footsteps of Elon Musk, Jeff Bezos and Richard Branson, Yusaku Maezawa, the Japanese online fashion tycoon, was sent to the International space station (ISS) last Wednesday for 12 days. 

Maezawa blasted off from the Russian cosmodrome in Kazakhstan with a Russian-built Soyuz spacecraft, kicking off the first self-funded tourism mission to the ISS in 10 years.

On Saturday, Jeff Bezos’ Blue Origin launched its New Shepard rocket for the sixth time this year, marking its first launch of six passengers at once.

While investors poured more than $25 billion into space-related programs in 2020, 2021 was a turning point for private space travel. 

A possible reason for commercialising space is the development of reusable rockets by companies like SpaceX. The company has stepped in to provide additional transportation to the space station for US astronauts, freeing up space for tourists. 

In addition, massive investments from billionaires brought down the cost of a satellite launch from $200 to around $60 million.

Space stocks to watch as billionaires fly to the moon

Think twice before promising someone the moon.

Before you make a grand gesture of flying someone to the moon, you should be aware that such a trip will set you back $50-60 million for a spaceflight mission.

Otherwise, the long-term growth potential of space travel remains to be seen. The industry is still niche, unknown and speculative. 

However, Amazon founder Bezos and Tesla CEO Musk continue to fuel the trend with their plans. What’s more, the space sector is bracing for record IPOs in the coming years.

As the broader space tourism sector booms, space travel stocks appear to be taking flight, and space-enthusiastic traders and investors can use these stocks to boost their portfolios alongside the momentum. Among others, you might want to watch the following: 

Virgin Galactic

 Holdings Inc. (NYSE: SPCE.N) is an aerospace spaceflight company that pioneered human spaceflights for individuals. Virgin Galactic made history last summer by completing its first fully crewed commercial spaceflight, with its founder Sir Richard Branson being among the crew.

Boeing 

Co (NYSE: BA.N) is a multinational corporation leading the aviation and aerospace industries. Its products and services include commercial and military aircraft, satellites, launch systems, and communication systems. 

Lockheed Martin 

Corp. (NYSE: LMT.N) is an aerospace company developing advanced technology systems. The company made approximately $11.9 billion in 2020 sales for its space segment. NASA works with Lockheed Martin and other space companies to send astronauts to the moon and Mars.

A new age of commercial spaceflight has arrived. Space stocks might rocket, but they also might nose-dive. One way to tap into both directions is to trade CFDs.

Want to speculate on skywards and downwards market movements? Why not check out which stocks Eurotrader has to offer over on our products page?


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