AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
.jpg)
Highlights
- Enterprise-backed space programmes are gaining momentum and attracting investors towards space stocks.
- Space tourism is leading to increased competition among companies in the space industry.
- The space sector in Europe is also providing a boost to commercialisation
The space industry has been witnessing an influx of investments lately and the investors are taking advantage of the buzz. Enterprise-backed space programmes are gaining momentum making investors attracted towards space stocks.
As the concept of space tourism is gaining popularity, competition among companies, which are a part of the space industry, has increased manifold. Many companies across the globe, like Blue Origin and SpaceX, have joined the space race. Since Richard Branson, the founder of American spaceflight company, Virgin Galactic, flew to space last summer, the company has sold approximately 100 tickets and its commercial services are anticipated to initiate by the end of 2022, as stated in its financial results Monday.
Source: Copyright © 2021 Kalkine Media
The space sector in Europe is also providing a boost to commercialisation. However, many UK tech firm are being taken over by foreign rival companies. The latest example being California-based Viasat taking over Inmarsat, which is a satellite communications company based in the UK. Before becoming private two years ago, the company was traded on the London Stock Exchange.
RELATED READ: Join the space race: Stocks you may consider for investment
Let’s take a look at some of the stocks which you can invest in to become a part of the space race.
Seraphim Space Investment Trust PLC (LON:SSIT)
Seraphim Space Investment Trust PLC is a UK-based investment trust which supports the growth of SpaceTech companies across their entire life cycle. The current market cap of the company stands at £265.16 million. The shares of Seraphim Space Investment Trust PLC were trading at GBX 125.00 as of 8 November 2021.
Scottish Mortgage Investment Trust PLC (LON: SMT)
Managed by Baillie Gifford & Co Limited, Scottish Mortgage Investment Trust PLC is a has a holding in American aerospace company SpaceX. The current market cap of the company stands at £21,555.11 million and it has given a return of 40.62% in 1 year. The shares of Scottish Mortgage Investment Trust PLC were trading at GBX 1,514.50 as of 8 November 2021.
5 Space Stocks you should Buy right away
Boeing Co (LON: BOE)
American multinational corporation Boeing Company is engaged in manufacturing rockets, satellites, and missiles etc. The current market cap of the company stands at £97,238.49 million and it has given a return of 43.85% in 1 year. The shares of Boeing Co were trading at GBX 224.40 as of 8 November 2021.
RELATED READ: World View to charge US$68,585 for Epic Balloon Rides to the space.
BAE Systems plc (LON: BA)
BAE Systems plc is a London-based global arms, security, and aerospace company which also manufactures space security products. The current market cap of the FTSE100-listed company stands at £18,176.92 million, and it has given a return of 31.84% in 1 year. The shares of BAE Systems plc were trading at GBX 571.60 as of 8 November 2021.
Meggitt plc (LON: MGGT)
UK-based Meggitt plc is a global manufacturer of components and sub-systems for the aerospace and defence sectors, and also for certain energy markets. The current market cap of the FTSE100-listed company stands at £5,825.35 million, and it has given a return of 154.61% in 1 year. The shares of Meggitt plc were trading at GBX 745.00 as of 8 November 2021.
