Space stocks will attract the eye of investors who are considering both their own and their grandchildren’s financial gains, as we stand on the cusp of an industry potentially expected to triple to $1.8 trillion.
North America, the largest space economy in 2023, will account for much of the growth in space stocks, notwithstanding China’s progress. The North American market is expected to grow 8% to $355.51 billion by 2033 from $170.63 billion in 2023 due to the National Defense Authorization Act 2024 and U.S. Space Force strategic objectives.
Still, considering space stocks are still a new area, it’s best to go with established enterprises, as they can afford to spend money on the division but not stake their entire reputation. In addition, we’ll explore companies with recent earnings beats, with upside as well.
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