The Smartest Space Stocks to Buy With $100 Right Now
Low-price stocks give space investors the best chance to profit as the stock prices rise.
"Space is hard," goes the one saying. It's especially hard for investors, who have struggled to make money in the nascent space industry ever since it burst into being with the Virgin Galactic IPO more than five years ago.
Initial enthusiasm for space stocks sparked a wave of SPAC IPOs in the sector, but several of those have already failed. Even among the survivors, unprofitable space stocks have faced difficulties in the stock market in recent months. From market-top back in mid-February to today, the ARK Space Exploration & Innovation ETF, for example, has lost 12% of its value -- and was down closer to 25% earlier this month.
Now, "every cloud has a silver lining" is another great old saying. For investors, the silver lining of the sell-off in space stocks is that a lot of these companies got cheaper to invest in. After the first big sell-off and the recent rebound, investors with $100 or so to gamble on a high-risk, high-reward situation might be able to find some good values in space today.
