Much like exposure to the biotech sector, space stocks are fraught with risk. Although the Earth’s orbit is peppered with ~7,500 active satellites, the launch of each rocket can fail, on top of its substantial cost.
With a streamlined component manufacturing due to 3D-printing and full-stack launch service, Rocket Lab aims to tackle SpaceX’s market hold because “the medium launch monopoly needs breaking”, according to CEO Peter Beck. With a combined revenue from government and commercial contracts, the company’s Q2 2024 earrings showed a $106 million record, representing 71% year-over-year growth.
Intuitive Machines’s Lunar Payload Delivery Services is effectively NASA’s outsourcing approach. In turn, this means that the company is taxpayer funded, removing some of the risk inherent with the industry. Case in point, NASA awarded Intuitive Machines $30 million as the first phase to map NASA’s $4.6 billion Lunar Terrain Vehicle program.) and Michelin, Intuitive Machine is building its Moon RACER to robustly create a Moon foothold.
Nasdaq’s forecasting indicates nearly double gains from the present price, placing the average LUNR price target at $9.33 per share, with even the low forecast of $8 significantly above the current $4.97 price level.Richard Branson’s take on space tourism has been fraught with problems. Although founded in 2004, only recently in June 2023 did the company carry their first paying customers to the edge of space.) VMS Eve spacecraft launches like a regular airplane.
As of Q2 2024 earnings delivered in August, Virgin Galactic’s net cash depleted from $125 million in the year-ago quarter to $79 million. Much of the future funding will be on the back of the company’s public trading status, having generated $64 million in gross profit from the issuance of $3.7 million shares in the quarter.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »