There’s been a lot of talk about going back to the moon, even to Mars.

In fact, according to Elon Musk it could happen within four years. He also says we could be living in a self-sustaining city on the red planet in the next 20 years. 

Whether you believe it will or won’t happen, “If I were diagnosing why now to set this very aggressive timeline for Mars, it’s partly to show that SpaceX isn’t slowing down, it’s not resting on its laurels, it’s not turning into kind of a creaky dominant player in space, and it is still the innovative pushing-the-envelope startup that it is,” said Matthew Weinzierl, professor of business administration at Harvard Business School specializing in the economics of space,” as quoted by The Guardian.

We also have to consider that the global space economy could generate $1 trillion of revenue by 2030, according to Morgan Stanley.

If it happens or we get close to it happening, you’ll want space exploration stocks in your portfolio, such as Rocket Lab USA(RKLB).

Over the last few months, Rocket Lab USA(RKLB) rocketed from a low of about $4 to a recent high of $25.36. And it could see even more upside with global sights on the moon and Mars.

The company is also developing Neutron, its medium-lift launch vehicle that’s expected to launch by the middle of the year. Even better, the company already signed a multi-launch agreement with a commercial operator and is expected to compete for the US Space Force’s National Security Space Launch program.

Rocket Lab USA is also providing support for the launch of Firefly Aerospace’s Blue Ghost Mission to the moon with assistance with the cruise and landing phases. Analysts at KeyBanc raised their price target on RKLB to $32 from $27 with an overweight rating.

Sincerely,

Ian Cooper