America's Newest Space IPO Was a Smashing Success
As the old saying goes, "Sometimes, it's better to be lucky than to be good."
Take investors in the Voyager Technologies (NYSE: VOYG) initial public offering (IPO), for example. Once upon a time, space stocks were a rarity. So much so that Sir Richard Branson was able to IPO Virgin Galactic as the only real way for investors to "dabble a little bit in a spaceship company, own a little bit of a spaceship company" -- and watch the stock price zoom into orbit.
Virgin's success soon inspired a wave of imitators -- special-purpose acquisition companies (SPAC) that dutifully zoomed when first created, only to crater thereafter, frightening many investors away from the idea of investing in space stocks for years. That all changed, however, when President Donald Trump won his second term of office, promising to bring Elon Musk into government and invest heavily in space exploration. Space stocks zoomed once again, sending the share prices of companies like Redwire (NYSE: RDW), BlackSky (NYSE: BKSY), and Rocket Lab (NASDAQ: RKLB) to the Moon earlier this year.
Source Fool.com
