14.12.2024 14:08:00
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The Ultimate Space Stock to Buy With $1,000 Right Now
Space industry leader SpaceX is reportedly shopping around a private auction of some of its employee shares at a $350 billion company valuation. Shares of Rocket Lab USA (NASDAQ: RKLB) look like actual rockets, after all, up 370% over the last 52 weeks. Spy satellite operators Planet Labs (NYSE: PL) and Spire Global (NYSE: SPIR) aren't looking too shabby either, with gains of 65% and 92%, respectively.If you ask me, though, perhaps the ultimate best buy an investor in the space industry could make right now isn't any of these companies. Instead, it's Intuitive Machines (NASDAQ: LUNR), a tiny company almost no one ever heard of before earlier this year, when "LUNR" lived up to its name... and landed a spaceship on the moon.Intuitive Machines stock wasn't worth a lot before this happened. After its 2023 IPO, Intuitive stock cost as much as $40 a share, meaning a $1,000 investment would have netted you only about 25 shares. The stock quickly gave up its gains, however, and soon plummeted from its IPO price. In the months leading up to its successful placement of a Nova-C lander on the moon, in fact, Intuitive stock mostly bounced around the $2-a-share level.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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