3 space stocks that shine in 2024: Will they maintain their growth trend?
The year 2024 brought unexpected stars in the stock market sky - companies focused on the space industry. Shares of some companies have seen triple-digit increases, attracting the attention of investors around the world. But with growing interest in the space economy, which Morgan Stanley expects to reach a value of one trillion dollars by 2040, it begs the question: Will these stocks maintain their growth in 2025, or will the market see a cooling off?
Let's take a look at these 3 stocks together 👇
Rocket Lab $RKLB: Rocket growth and challenges
Rocket Lab's stock appreciated more than 360% in 2024, boosted by successful Electron rocket launches and service offerings in satellite design, constellation management, and defense technologies. The company derives 70% of its revenues from its rocket and space systems. A key step for 2025 will be the debut of the medium-sized Neutron rocket, which should open up new opportunities for larger contracts and a wider clientele.
Despite these successes,…