NASA astronaut Victor Glover made history in April 2026 by becoming the first African American to travel beyond low Earth orbit, piloting Artemis II around the moon. This mission also set a new record for the farthest distance humans have traveled from Earth.
In the wake of the SpaceX IPO, which launched at $150 per share and saw a quick surge of over 40%, investors are reminded that a captivating story does not guarantee a sound investment. Currently, only 5% to 6% of SpaceX’s shares are tradable, leading to potential volatility when employee lockups expire. SpaceX is projected to remain unprofitable until at least 2028, hinging on the success of its Starship rocket.
Amid the SpaceX excitement, stocks of other companies involved in space technology, like Planet Labs, have declined despite strong fundamentals. Analysts currently rate Planet Labs as a “B,” indicating promising earnings momentum and institutional buying pressure, making it a potential investment opportunity.
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