"Space is a difficult industry that takes companies a long time to be successful. Though, there are tailwinds that are propelling this industry forward predominantly from the military and defense side. Virgin Galactic (SPCE) is still maintaining a large cash position. They are planning on continuing commercial space flight by the second quarter of this year. Rocket Lab (RKLB) is fulfilling a need for companies that require launching capabilities and for military and defense," says Andrew Chanin.
03 Mar 2023