3 Space Stocks to Buy & Hold Forever

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Hey, Ross Givens here.

You know what Bill Gates says about AI?

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The burgeoning era of the space economy represents a massive long-term prospect poised to catapult investment portfolios into the stratosphere with millionaire-maker space stocks. Projections depict the next few years could be the ignition phase of a multi-trillion-dollar celestial marketplace.

When space tourism springs to mind, you’re invariably thinking about Virgin Galactic exhilarating shuttle rides. However, the space economy represents something far greater than space tourism. Envision a world augmented by satellites, offering advanced weather forecasting, high-resolution imagery, and exploiting the unique advantages of manufacturing in zero gravity.

Morgan Stanley analysts believe that the Space Economy will exceed $1 trillion by 2040. Therefore, it’s an ideal time to consider investing in the top space stocks. Identifying the right space stocks to buy could be the ticket to unparalleled financial growth.

Millionaire-Maker Space Stocks: Virgin Galactic (SPCE)

spce stock
Source: rafapress / Shutterstock.com

Virgin Galactic (NYSE:SPCE) has embarked on an audacious journey after finally announcing the launch of its commercial spaceflights. Although burdened by initial delays, this monumental step signifies a major leap for the business and the space tourism industry in general. Though it remains a remarkably speculative investment, it’s worth betting on, given its salivating long-term potential.

Its Delta Class aircraft is projected to generate upwards of $2.7 million-plus in revenues per flight. This buoyant revenue stream points to a massive revenue base for its business over the next decade, offering robust returns for investors. Though the firm is free cash flow negative, the commencement of revenue-generating activities could trigger an upside revaluation of Virgin Galactic’s shares.

Therefore, despite its troubles, assessing SPCE’s long-term growth trajectory is imperative. Hence, opening up a small position in the stock wouldn’t be imprudent.

Planet Labs (PL)

Beautiful space view of the Earth with cloud formation
Source: KeyFame / Shutterstock.com

Planet Labs (NYSE:PL), a brainchild of former NASA scientists, has made waves in the burgeoning Earth imaging industry. The company has created a robust database that quickly tracks Earth’s dynamic changes. Its utility spans various industries, including shipping, forestry, agriculture, oil, and gas, to name a few.

As the application of technologies such as artificial intelligence accelerates, the value of these satellite images is bound to increase. Moreover, it continues to grow at a healthy pace, rising over 30% per year, with operating losses diminishing.

Its recently released first quarters point to a positive trajectory. It generated revenues of $52.7 million, up 31.3% from the prior-year period. Additionally, it generated a stellar 93% recurring annual contract value recorded for the first quarter, with the customer count growing by 9% year-over-year, reaching 903 customers. Furthermore, non-GAAP gross margin expanded to 56%, up from 45% in the first quarter of fiscal year 2023, demonstrating enhanced operational efficiency. Also, it included a robust $376.2 million in cash, cash equivalents, and short-term investments, solidifying Planet Labs’ financial position.

Lockheed Martin (LMT)

A Lockheed Martin (LMT) Space Systems sign in Sunnyvale, California.
Source: Ken Wolter / Shutterstock.com

Lockheed Martin (NYSE:LMT) is a top choice for those looking to tread a more conservative path in the space sector. Though a predominantly defense company, it has effectively expanded its footprint into the cosmos. Space has evolved into a nearly $12 billion-a-year venture for the company, accounting for 20% of its annual sales.

The space arm of Lockheed Martin is far from a one-trick pony. It produces satellites, space transportation systems, and strategic advanced strike units within the defense realm. Additionally, commercial space activities multiply, offering natural expansion opportunities for the satellite and transportation businesses.

The allure of LMT stock lies in its maturity and profitability. Its shares are trading at 1.8 times forward sales estimates, offering over a 2.5% dividend yield while presenting investors with a compelling blend of stability and return potential.


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ELON’S FINAL MOVE

Elon’s new AI venture promises to create 10 TIMES MORE American millionaires than Tesla did.
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A new ground-floor opportunity for 8,788% returns has emerged but you must act by December 31st…
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“The Forever Battery”

Secret Startup Cracks the Battery Code — Wall Street Legend Predicts a 1,500% Surge in Electric Car Sales Over the Next 4 Years…

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3 High-Yield Dividends for Guaranteed Passive Income

Here are the best dividend stocks for smart investors to secure a steady & reliable “second income”. Our top pick is trading for just $2.
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New EV Set to Disrupt Entire Industry

The Wall Street Journal calls it “an American manufacturing triumph.” It promises to revolutionize the driving experience and hand investors MASSIVE profits.
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Forget 99% of Tickers - Just Use This One

Larry Benedict is sharing a crazy over-the-shoulder “demo” (less than 10 seconds). Learn how to make all the money you need – in any market – using a single stock.
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Is Amazon Obligated to Pay You?

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#1 Energy Pick

This little-known Silicon Valley company is using AI to do something incredible…
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#1 EV Breakthrough of 2022

Louis Navellier is about to give away the ticker symbol of an overlooked battery company… one set to skyrocket in value as the EV boom gets underway. 
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Anyone can invest like “The People’s Shark” with as little as $100

You no longer have to be rich, famous, or powerful to become an angel investor. Starting now, it’s possible for you to get involved in these life-changing deals.
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Is L.A.S.E.R. The Greatest Tech Breakthrough in History?

A $3.5 trillion megatrend… spearheaded by Elon Musk is bringing what could be the most disruptive, revolutionary tech breakthrough the world has ever seen, with one small company sitting at the center.
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2,467% Return on Israeli Laser Company

Learn the 3 Steps You Need to Protect Your Retirement and One Stock that Could Soar 2,476% in Nine Months.
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One Tweet From Elon Could Blow This Story Wide Open

Last year, anyone who listened to this man about Tesla could’ve made EIGHT TIMES their money. Now he’s revealing how Elon’s NEXT big move will revolutionize ANOTHER massive $23 trillion market.
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$25 to Profit from 20,000 IPOs

Days from now — 20,000 ‘IPOs’ could start flooding the market…
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"Bio-Chip" Sparks Potential 199,900% Surge by 2025

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