Astra Space expects the transaction value at $2.1 billion and hopes to close the deal in the second quarter of this year. On Feb 2, Astra Space Inc., maker of small rockets, announced plans to go public by merging with Holicity (HOL), a SPAC. This alternative to initial public offering (IPO) is quite visible in the space industry. Hence, investors who had bought IPOA shares before the merger automatically had Virgin Galactic shares. Earlier, Social Capital had created a special purpose acquisition company (SPAC) called IPOA, which eventually merged with Virgin Galactic and the company began trading under the ticker symbol SPCE. ARK Invest, which has several exchange traded funds (ETFs) in its portfolio, filed with the United States Securities and Exchange Commission (SEC) to launch a space-focused ETF under the ticker ARKX on Jan 14.īlank check investing is an alternative way to create a publicly-listed company and has been a growing trend of late. Public Listing Boosting the Spaceįunding and research are constantly boosting the space. This maker of space hardware and provider of satellite-based Earth imaging and data service is constantly working with SpaceX. Maxar Technologies is one such pure-play space stock that is also poised to grow. SPCE, which focuses on space tourism, hope to ferry customers beyond Earth's atmosphere for $250,000 per seat this year.Īdditionally, the companies engaged in creating technologies that provide value addition to aerospace operations, like AI, robotics, 3D printing, materials and energy storage, are growing.
Companies like Virgin Galactic Holdings, Inc. Orbital and suborbital aerospace companies that are engaged in the launch, construction, service and operation of satellites or launch vehicles are gaining momentum.
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