Can't Buy Into SpaceX? Here's How to Get A Piece Of The Rocket Launch Action
Portfolio Pulse from Neil Dennis
Investors interested in the rocket launch market can invest in existing stocks and ETFs as SpaceX's Starlink remains private. Boeing (BA) and Lockheed Martin (LMT) jointly own ULA, a potential takeover target by Blue Origin. Stocks like Textron (TXT) and ETFs like iShares U.S. Aerospace And Defense ETF (ITA) and ARK Space Exploration And Innovation ETF (ARKX) offer market exposure. RTX Corporation (RTX) and TransDigm (TDG) are also notable stocks in the sector.
December 28, 2023 | 4:37 pm
News sentiment analysis
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POSITIVE IMPACT
ARK Space Exploration And Innovation ETF has seen a 26% annual gain, outperforming other ETFs in the sector.
ARKX's strong performance reflects investor confidence in the space exploration sector, which may continue to attract investment.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 60
POSITIVE IMPACT
Boeing's stock is up 38% this year and may see further gains if a firm offer for ULA materializes.
Boeing's stock has performed well and could benefit from increased interest in the aerospace sector and potential acquisition activity involving ULA.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
iShares U.S. Aerospace And Defense ETF is up around 14% this year, reflecting the sector's growth.
ITA's performance is indicative of the overall growth in the aerospace and defense sector, which could continue as the sector gains more attention.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Lockheed Martin's stock is down this year but has risen 12% since October. A ULA deal could positively impact the stock.
Despite a year-to-date decline, Lockheed Martin's recent uptick and its stake in ULA could lead to positive stock movement amid acquisition talks.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
RTX Corporation's stock has increased by 20% in the past three months, showing strong sector momentum.
RTX's recent stock performance is solid, and as a component of aerospace ETFs, it may benefit from the sector's positive trends.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
TransDigm's shares have surged 59% this year, reflecting the strong performance of the military aerospace sector.
TransDigm's impressive stock gain this year could continue as the company benefits from the overall positive sentiment in the aerospace and defense market.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Textron's shares are up 14% this year, and rumors of its interest in ULA could drive prices higher.
Textron's stock performance is strong, and as a rumored bidder for ULA, it could see additional gains if a bidding war ensues.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70