Aerospace stocks and defense stocks may go hand in hand with some cases. But as a stand-alone. Aerospace stocks encompass much more than military and/or wartime applications. This sector includes companies that make equipment for plane manufacturers, location technology, satellites, and even space ships.
With the creation of the Space Force, there is a high likelihood that the aerospace industry will begin to see some disruption. Companies like Virgin Galactic and Space X are on the move to build viable companies to bring outer space closer to earth; literally.
Why Aerospace Stocks?
When it comes to aerospace stocks, there is truly a new frontier before investors. Where the industry was heavily dominated by research companies, new findings suggest that “regular” space travel could be a near term opportunity. With that, we will see the emergence of much more than R&D but actual industry beginning to form.
Furthermore, with public and private sectors now contributing, the need for funding will likely grow. In this case, the stock market could see a rise in aerospace stocks focusing on intergalactic travel and defense. Most developed countries have a space program. With this in mind, the global market can also greatly contribute to its growth. Other companies that are popular aerospace stocks include defense stocks like Boeing, Airbus, Lockheed Martin, Northrop Grumman, in addition to SpaceX and Virgin.
Virgin Galactic (SPCE) Stock: Here’s What Investors Need To Know
Virgin Galactic stock may have received a downgrade, but the stock has been trending in the market this week.