The Smartest Space Stock to Buy With $500 Right Now

The pandemic made space stocks popular. Will the recovery make them profitable? In the height of the COVID-19 pandemic, small companies aiming to commercialize space exploration joined a cavalcade of hundreds of other unprofitable start-ups rushing to IPO by reverse-merging into special purpose acquisition vehicles (SPACs).Granted, it didn't take long for investors to lose interest in space stocks. As these companies largely failed to deliver the rapid growth and easy profits they had promised their investors pre-IPO, prices plummeted 70%, 80%, and even 90% through early 2023. In 2024, though, things are starting to turn around.Several space stocks that survived the initial shakeout are now on the verge of turning profitable. And one of them might even be worth buying: Rocket Lab USA (NASDAQ: RKLB). Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool