ETFs Investing

Space tourism, it’s taking off.

Over the past few weeks, 15% of all customer trades on Goodments have been in Virgin Galactic Holdings Inc (ticker: SPCE, current price $46.31). It’s been tracking high on the Goodments daily trending list recently with the share price hitting a high of $55.91 on June 25  and rising over 33% in the last month.

But why all the hype?

The billionaire’s race to space is underway! On the 11th of July, Richard Branson is launching the first fully crewed flight into space. Branson and team will beat fellow billionaire Jeff Bezos by nine days. Bezos’s Blue Origin will instead launch on the 52nd anniversary of the Apollo 11 moon landing, accompanied by Wally Funk, a female aerospace pioneer.

Top futuristic stocks to keep an eye on?

Branson, Bezos, and Elon Musk, are vying for control of the burgeoning private space industry, each with differing approaches. Virgin Galactic launches its rocket ship from a plane, reaching heights of roughly 88km. Blue Origin launches its New Shepard rocket from the ground, soaring over 100kms up. The only one to hit Earth’s orbit is SpaceX.

Here are some other space focused stocks to keep an eye on;

  • ARK Space Exploration ETF (ARKX) made up of companies focusing on space exploration, 
  • Iridium Communications (IRDM develops satellites,
  • Northrop Grumman (NOC) is working on the OmegA heavy-lift rocket and develops satellites, 
  • Boeing (BA) is building its own space taxis as well as the most powerful rocket ever.

To see what else is trending head to Explore in the app.

The Goodments by Douugh Team

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