---
title: "The 3 Best Space Stocks to Buy in May 2024"
description: "The article provides information about the best space stocks to buy in May 2024. It mentions Boeing as a strong space stock due to its joint venture with Lockheed Martin and its involvement in Amazon'"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/203919411.md"
published_at: "2024-05-11T20:00:00.000Z"
---

# The 3 Best Space Stocks to Buy in May 2024

> The article provides information about the best space stocks to buy in May 2024. It mentions Boeing as a strong space stock due to its joint venture with Lockheed Martin and its involvement in Amazon's Project Kuiper. Rocket Lab USA is highlighted as a space penny stock with potential for growth, especially with the successful conversion of its rockets. Virgin Galactic Holdings is noted for its pioneering role in commercializing space flight. Overall, the article focuses on investment opportunities in the space industry.

The space arena is surging with innovation and technical accomplishments, spotlighting some of the best space stocks to buy. SpaceX broke the record in 2023 with 96 successful missions. More importantly for the long run, SpaceX performed them far more cost-efficiently than NASA ever did.

Although SpaceX is not a publicly traded company, it is the proverbial tide that lifts all the space boats. Trials and errors resulting in success have a way of disseminating. Research firm Spherical Insights forecasts a 16.21% global space exploration market CAGR between 2022 and 2032. It could then reach a $1.8 trillion market size.

Based on established performance, these are the best space stocks to buy, which will likely yield the most benefit for the new space era.

## Boeing (BA)

Source: Marco Menezes / Shutterstock.com

Investors should first consider **Boeing** (NASDAQ:**BA**). Despite negative press recently, the company remains one of the pillars of America’s military might. As a space stock, together with **Lockheed** **Martin**, Boeing operates the joint venture United Launch Alliance (**ULA**).

The entity operates privately under the companies’ subdivisions of Lockheed Martin Space and Boeing Defense, Space & Security. Each holds a 50% stake. Although ULA has been speculated to go public eventually, it is more important to note its prospects.

**Amazon** (NASDAQ:**AMZN**) entrusted ULA to launch the majority of Amazon’s Project Kuiper satellite constellation. The project will be carried out by ULA’s *Vulcan Centaur* rockets to bring 3,236 satellites into Earth’s orbit for global broadband internet access. During this massive deployment, ULA will fine-tune its space infrastructure and cost-efficiency.

Outside of ULA and NASA involvement, Boeing continues to be a suppressed wide moat stock. At the present price of $178.35 per share, BA is 10.5% above the 52-week low of $159.70. While more whistleblower news keeps the sentiment down, following negative 30% year-to-date (**YTD**) performance, Boeing is to the U.S. industrial infrastructure what **JPMorgan Chase** (NYSE**:****JPM**) is to the banking sector – too big to fail.

## Rocket Lab USA (RKLB)

Source: T. Schneider / Shutterstock.com

On the opposite side of the space spectrum, **Rocket Lab USA** (NASDAQ:**RKLB**) is a space penny stock\*. As such, the value of RKLB shares are largely driven by launch news and partnerships. This is a dynamic similar to new drug launches, and prospective pipelines, for biotech firms.

Presently subdued, RKLB shares are down 25% YTD. From the 52-week low of $3.47, they are just 14.5% above at the present price level of $4.06 per share. This downturn was exacerbated in February. Rocket Lab USA’s share price plunged nearly 16% after the company announced it had launched a private offering of $275 million in 5-year convertible bonds. And that raised concerns about potential dilution among investors.

Nearing the end of May, Rocket Lab USA is set to launch *PREFIRE 1* mission by NASA, as the first of two. *PREFIRE’s* satellites will look at Earth’s heat losses from polar regions, helping scientists improve climate modeling. So far, the company launched five Electron rockets this year with a 100% success rate.

Major bullish Rocket Lab news will rely on the company’s successful conversion of Electron rockets to make them reusable. This incoming milestone could ramp up cost-efficiency with previously flown rockets. Then the company should see more investment focus following the successful deployment of its new medium-sized rocket *Neutron*.

Although Neutron was expected to launch in 2024, the delays will likely set it for mid-2025 at the earliest. In this less exciting interim, investors can take advantage of discounted RKLB shares.

## Virgin Galactic Holdings (SPCE)

Source: Tun Pichitanon / Shutterstock.com

Richard Branson’s **Virgin Galactic Holdings** (NASDAQ:**SPCE**)\* is one of the few attempts at commercializing space flight. The company managed to successfully launch ten suborbital flights in total. These are intended for passenger flights, instead of inanimate satellite deployments. So, the expectations and requirements are much higher, underscoring its pioneering role in this high-stakes market.

Also, the company will launch *Galactic 07* on June 8th. To aid in the next-gen Delta transition, Virgin Galactic Holdings can draw upon the capital from existing investors. Those include such names as **BlackRock** (NYSE:**BLK**), **Vanguard** **Group** and **State Street Corp** (NYSE:**STT**.) This Tuesday, Virgin Galactic Holdings will deliver Q1 of 2024 earnings results.

Ahead of the report, SPCE shares are down 57% YTD. At the present price of $1.03, they are 32% above the 52-week low of $0.70 per share. Nasdaq’s forecast consensus is currently aligned with $1 as the lowest estimate, while $2.5 is the average price target twelve months ahead.

\****On Penny Stocks and Low-Volume Stocks:*** *With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that* *InvestorPlace.com**’s writers disclose this fact and warn readers of the risks.*

*Read More: Penny Stocks —* *How to Profit Without Getting Scammed*

*On the date of publication, Shane Neagle did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.*

Shane Neagle is fascinated by the ways in which technology is poised to disrupt investing. He specializes in fundamental analysis and growth investing.

Industrial, Space

### Related Stocks

- [RKLB.US - Rocket Lab](https://longbridge.com/en/quote/RKLB.US.md)
- [AMZN.US - Amazon](https://longbridge.com/en/quote/AMZN.US.md)
- [LMT.US - Lockheed Martin](https://longbridge.com/en/quote/LMT.US.md)
- [BA.US - Boeing](https://longbridge.com/en/quote/BA.US.md)
- [DFEN.US - Direxion Aerospace & Def Bull 3X](https://longbridge.com/en/quote/DFEN.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| OpenAI 新一輪融資或突破千億美元 據報亞馬遜、軟銀、英偉達及微軟參與投資 | OpenAI 即將完成新一輪融資，預計籌集超過 1000 億美元，估值可能超過 8500 億美元。主要投資者包括亞馬遜、軟銀、英偉達和微軟。融資將分階段進行，預計在本年度內完成。亞馬遜可能投資高達 500 億美元，軟銀 300 億美元，英偉 | [Link](https://longbridge.com/en/news/276297991.md) |
| 在《搜索派對》引發強烈反響後，Ring 仍然在迴避更重要的問題 | Ring 創始人 Jamie Siminoff 承認其超級碗廣告中使用大規模監控圖像引發的反響，並稱這是一個錯誤。在接受《紐約時報》採訪時，他表示未來的廣告將減少地圖的使用。然而，關於 Ring 的人工智能攝像頭技術作為監控工具的潛在濫用問 | [Link](https://longbridge.com/en/news/276373235.md) |
| 德國國防部稱 ‘沒有具體計劃’ 購買更多洛克希德馬丁 F-35 戰機 | 德國國防部表示 “沒有具體計劃” 購買更多洛克希德·馬丁 F-35 戰鬥機 | [Link](https://longbridge.com/en/news/276443665.md) |
| 機構 “最超配” 閃迪，“最低配” 英偉達 | 據摩根士丹利最新的統計：“機構對美國大型科技股的低配程度是 17 年來最大的” 相比 2025 年 Q4 的標普 500 指數權重，“$NVDA 仍然是機構低配程度最大的大型科技股，其次是蘋果、微軟、亞馬遜和博通，而存儲巨頭閃迪則是 “最超 | [Link](https://longbridge.com/en/news/276289765.md) |
| Eagle Capital Management 增持了大量的亞馬遜股份 | Eagle Capital Management，由 Boykin Curry 領導，已顯著增加其在亞馬遜公司（Amazon.com, Inc.）的股份，增持了 199,465 股。儘管亞馬遜的股票近期波動較大，分析師指出第四季度的業績超出 | [Link](https://longbridge.com/en/news/276406745.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
