![]() This is a competitive market, but Rocket Lab is a low-cost provider and is currently conducting commercial launches, putting it out in front of some of its would-be competitors. The company is focused on launching small satellites into space, but it is investing to expand out its offering to include larger launches and also adding related services such as satellite manufacturing and components. Rocket Lab is another relative newcomer to public markets. The question for investors is whether Virgin Galactic will ever be able to give them that ride and whether it can do so profitably as a business. The company missed its target to begin flights in time for Branson’s 70th birthday in July 2020.Īssuming Virgin Galactic finally gets airborne, the company has a backlog of more than 700 people willing to pay as much as $450,000 for a few minutes of weightlessness. However, Virgin Galactic has run into some turbulence as it attempts to ready its spaceship for commercial service. #Market watch gme serialFounded by serial entrepreneur Richard Branson, the company has been public since a 2019 deal to merge with a special purpose acquisition company ( SPAC) run by another famous investor, Chamath Palihapitiya. Virgin Galactic is focused on space tourism. Even without Aerojet, space accounts for more than 15% of company revenue. Lockheed Martin had hoped to expand its space presence via an acquisition of Aerojet Rocketdyne, but the company walked away after hearing regulators object to the power the combination would have. Its space unit gives it exposure to some of the fastest-growing development areas in defense, including hypersonic missiles able to travel at more than five times the speed of sound. Lockheed historically has focused on business for the Pentagon and NASA, although it does have some commercial customers. Lockheed Martin is best known as the maker of the F-35 Joint Strike Fighter, but the company also has an extensive space business focused on the manufacture of satellites and missiles, as well as a massive launch business via a joint venture with Boeing ( NYSE:BA). ![]()
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