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Which Space Stock Is a Better Buy? -Breaking

by Mike Robinson

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© Reuters. Virgin Galactic vs. Astra – Which Space Stock is a Better Buy

Virgin Galactic, (SPCE), Astra Space (ASTR), are two space companies with high-risk potential but large gains that can be made for investors long term. These stocks have fallen significantly since their 52-week peak. 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. This strategy is high-risk because of the uncertainty surrounding these companies.

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, which is part of space tourism, has a market capital of $4.34 Billion and is more than 70% lower than 52-week highs. Astra is a space launch firm. Its market capital is $2.63 Billion and its stock price is down 52%.

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