Summary: In this guide, you’ll find the 3 best space travel stocks you should keep an eye on this month. Each of them is available for buying on our chosen brokerage platform, eToro.
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What are space travel stocks?
Space travel stocks are shares in companies involved in the burgeoning space exploration industry. These companies range from those manufacturing rockets and satellites to those providing essential services for space missions. Therefore, investing in these stocks allows individuals to become part of the space industry’s growth and potentially reap financial rewards as the sector expands.
3 best space travel stocks to watch out for this month
After conducting thorough research, we found out that the following three stocks represent the best investing opportunities this month:
- Leidos Holdings Inc. (NYSE: LDOS);
- Rocket Lab USA Inc. (NASDAQ: RKLB);
- Lockheed Martin Corporation (NYSE: LMT).
Note
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
Leidos (LDOS)
Leidos Holdings Inc. is a global leader in technology and defense solutions and has made significant strides in the space sector. The company’s involvement in satellite systems, space exploration, and national security makes it a compelling choice for investors looking to diversify their portfolios. Moreover, with a proven track record and a focus on innovation, Leidos is positioned for potential growth in the evolving space industry.
Leidos stock price today
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Rocket Lab (RKLB)
Next up, we have Rocket Lab USA Inc., a dedicated small satellite launch service provider that has captured the attention of investors seeking exposure to the booming small satellite market. The company’s innovative approach to launching payloads into space, along with its Electron rocket, positions Rocket Lab as a key player in the future of commercial space transportation. Also, as space-based technologies become increasingly integral to our daily lives, Rocket Lab’s services are likely to be in high demand.
Rocket Lab stock price today
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Lockheed Martin (LMT)
Our third pick is Lockheed Martin Corporation—a giant in the aerospace and defense industry, which has a storied history in space exploration. The company is involved in the development of advanced space systems, including satellites, spacecraft, and strategic missile systems. With a strong emphasis on technological innovation and a robust portfolio, Lockheed Martin, therefore, stands out as a reliable choice for investors seeking stability and growth in the space sector.
Lockheed Martin stock price today
Your capital is at risk.
Where to buy space travel stocks?
When it comes to purchasing space travel stocks, selecting the right platform is crucial. That said, our go-to broker is eToro, a widely popular brokerage platform with more than 30 million registered accounts and a license from authorities such as FinCEN. Furthermore, it boasts several useful investing features:
- Commission-free stock trading;
- Access to over 2,000 stocks from 17 different exchanges;
- The option to purchase fractional shares;
- Charting tools;
- A user-friendly platform that simplifies the trading experience.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
Pros and cons of buying space travel stocks
Pros
- Innovative growth potential: The space industry is at the forefront of technological advancements, presenting investors with opportunities for substantial growth;
- Diversification: Including space travel stocks in your portfolio allows for diversification beyond traditional sectors, potentially mitigating overall risk;
- Commercialization of space: The increasing involvement of private companies in space exploration opens up new revenue streams, driving the growth of space-related businesses.
Cons
- Volatility: Space travel stocks can be subject to higher volatility compared to established industries, which may lead to rapid price fluctuations;
- Regulatory risks: Evolving regulations in the space industry may impact the operations and profitability of companies, introducing an element of uncertainty;
- Long-term returns: While the potential for growth is significant, returns on space travel stocks may take time to materialize, requiring investors to have a long-term perspective.
If you’re interested in similar stocks, you can check out our other guides, such as:
Common mistakes to avoid when buying stocks
Investing without sufficient knowledge of the space industry and specific companies can lead to uninformed decisions and is one of the most common investing mistakes. Nevertheless, it’s not the only one. You should also be wary of:
- Overlooking risks: Failing to assess the risks associated with space travel stocks may result in unexpected losses;
- Ignoring diversification: Placing all investments in a single sector, such as space, without diversifying across different industries, can expose investors to unnecessary risk;
- Emotional decision-making: Allowing emotions to dictate investment decisions can lead to impulsive actions, often resulting in suboptimal outcomes;
- Short-term focus: Space travel stocks may require time to mature, and expecting immediate returns without a long-term perspective can be a mistake.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about space travel stocks
Are space travel stocks a good investment for beginners?
Space travel stocks can be suitable for beginners, provided they conduct thorough research, diversify their portfolios, and adopt a long-term investment approach. However, like any investment, it’s crucial to understand the associated risks.
What are the 3 best space travel stocks to buy currently?
The three best space travel stocks to buy this month are Leidos (NYSE: LDOS) for its innovative contributions to satellite systems and national security, Rocket Lab (NASDAQ: RKLB) as a key player in the small satellite launch services market, and Lockheed Martin (NYSE: LMT) for its established position in aerospace and defense.
How do I purchase space travel stocks on eToro?
To buy space travel stocks on eToro, you should create an account, fund it, and navigate to the platform’s stock trading section. Then, search for the desired stocks, click on them, and choose the amount you want to invest, confirm the trade, and you’re set.
What factors should I consider before investing in space travel stocks?
Consider the company’s financial health, its role in the space industry, technological innovations, and the overall market conditions. Additionally, stay informed about regulatory changes that may impact the space sector.
