7 Space Stocks and ETFs to Watch | Investing

Investing in rising industries like area tourism usually presents a tempting alternative for these chasing progress. The potential upside will be important, however the dangers are equally excessive, so the street to success will be tumultuous and susceptible to disappointment.

An illustrative instance is Virgin Galactic Holdings Inc. (ticker: SPCE), spearheaded by Richard Branson. This firm, which ventured into the comparatively uncharted territory of area tourism, noticed its shares soar to $55 in 2021 after its 2019 preliminary public providing.

Nevertheless, the trajectory wasn’t maintained, and the shares have since plummeted to $1.49 as of Nov. 1. This dramatic shift underscores the unpredictable nature of betting on single firms in rising industries which are nonetheless of their infancy.

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