Planet Labs is a space tech stock the creator has high certainty in and is considering adding to their positions.
Source Post
Space Stocks I'm Buying Next: RKLB, RDW, LUNR, ASTS and More...
The creator discusses several space stocks, highlighting ASTS as a company specializing in 5G broadband via space technology, partnered with major carriers like Verizon and AT&T. Despite significant capital influx and technological advancements, ASTS, like most space companies, is not yet profitable, with substantial net losses. The stock has seen significant volatility, peaking in June and subsequently declining, but is now testing a previous resistance level that may act as support. The creator is a holder of ASTS and notes its past triple-digit gains.
Linked Mentions
Tickers discussed in this post
Redwire's pullback to a $2 billion market cap is attractive given its secured contracts, growing revenue, and significant government service agreements.
Rocket Lab's revenue continues to grow, and its recent pullback from $151 to $64 makes it an attractive investment at key historical resistance levels.
BlackSky is mentioned as another space stock that, similar to ASTS, peaked in June and has since experienced significant volatility, with many space stocks now trading near their 200-day moving average.