Virgin Galactic (SPCE) and Astra Space (ASTR) are two companies that are two companies in the space industry that are high risk but have the potential to derive outsized gains for long-term investors. Both these stocks are currently down significantly from 52-week highs. Which one is a better ‘buy the dip’ candidate?.Investing in companies that are part of a nascent industry allows you to derive market beating gains over the long term. However, due to uncertainties surrounding these companies, this strategy can be considered a high-risk one.
One such industry that’s garnered significant attention in the past year is Space. Today I’ll analyze two space stocks, Virgin Atlantic (SPCE) and Astra Space (ASTR), to determine which is a better buy right now.
Virgin Galactic is part of the space tourism vertical, is valued at a market cap of $4.34 billion and is down over 70% from 52-week highs. Astra operates as a space launch company, its market cap is $2.63 billion and the stock is down 52% from 52-week highs.
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