The space economy is a rapidly growing industry that encompasses a wide range of activities, from satellite manufacturing and launch services to space tourism and exploration. At the heart of this industry are the companies that drive innovation and create new opportunities for growth and investment. These companies are developing cutting-edge technologies for satellite communications, Earth observation, and space exploration, among other applications. They are also exploring new business models and partnerships to bring the benefits of space technology to a wider audience. By investing in these companies, investors can gain exposure to the space economy and potentially benefit from its growth and potential. Whether it’s expanding internet access to remote areas, monitoring climate change, or exploring new frontiers, the companies at the forefront of the space economy are helping to shape the future of our world.
This list has performed -4.25% over the past year. By comparison, S&P/NZX 50 Index is 6.91% over the same period. The beta of this list, which is a measure of volatility, is Neutral at 1.00. List Beta is calculated using an equally weighted average beta of the securities within this list. This list includes 50.00% of Industrials stocks, 50.00% of Technology stocks.
List performance is calculated using an equal-weight methodology. This list is generated by scanning the web and using our algorithms to surface potentially relevant securities to the topic. The list is intended to be educational and includes securities that may be suitable for a watchlist. It is not intended for investment or trading purposes. Microsoft does not recommend using the data and information provided as the basis for making any investment decision.
THE BOEING COMPANY
BA. The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes (BCA), Defense, Space & Security (BDS), Global Services (BGS) and Boeing Capital (BCC). Its BCA segment develops, produces and markets commercial jet aircraft to the commercial airline industry worldwide. Its commercial jet aircraft in production include the 737 narrow-body model and the 767, 777 and 787 wide-body models. Its BDS segment is engaged in the research, development, production and modification of manned and unmanned military aircraft and weapons systems. Its BGS segment offers aerospace platforms and systems with a range of products and services, including supply chain and logistics management, engineering, maintenance and modifications, upgrades and conversions, spare parts, pilot and others. Its BCC segment’s portfolio consists of equipment under operating leases, sales-type/finance leases, notes and other receivables, assets held for sale or re-lease and investments.
Boeing Co. is -1.52% over the past month and +54.00% over the past year, outperforming the S&P/NZX 50 Index by +0.06% over the past month and +47.08% over the past year.
Virgin Galactic Holdings, Inc.
SPCE. Virgin Galactic Holdings, Inc. is an aerospace and space travel company, which offers access to space for private individuals, researchers and government agencies. The Company’s operations include design and development, manufacturing, ground and flight testing, and post-flight maintenance of its spaceflight system vehicles. The Company has developed a portfolio of proprietary technologies embodied in specialized assets, including the mothership, spaceship, hybrid rocket motor and Spaceport America. The mothership is a twin-fuselage, custom-built aircraft designed to carry its spaceships up to an altitude of approximately 45,000 feet, where the spaceship is released for its flight into space. The spaceship is a vehicle with the capacity to carry pilots and private astronauts, research experiments and researchers. Its spaceships are powered by a hybrid rocket propulsion system that propels them on a trajectory into space.
Virgin Galactic Holdings Inc. is -7.14% over the past month and -52.46% over the past year, underperforming the S&P/NZX 50 Index by -5.56% over the past month and -59.37% over the past year.
LOCKHEED MARTIN CORPORATION
LMT. Lockheed Martin Corporation is a security and aerospace company. It operates through four segments. Aeronautics segment is engaged in the research, design, development, manufacture, support and upgrade of military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies. Missiles and Fire Control segment provides air and missile defense systems; fire control systems; manned and unmanned ground vehicles, and energy management solutions. Rotary and Mission Systems segment provides design, manufacture, service and support for various military and commercial helicopters, surface ships, sea and land-based missile defense systems, radar systems, sea and air-based mission and combat systems, command and control mission solutions, cyber solutions, and simulation and training solutions. Space segment is engaged in the research and development, design, engineering and production of satellites, space transportation systems, strike and defensive systems.
Lockheed Martin Corp. is -3.44% over the past month and -0.47% over the past year, underperforming the S&P/NZX 50 Index by -1.87% over the past month and -7.38% over the past year.
NORTHROP GRUMMAN CORPORATION
NOC. Northrop Grumman Corporation is a global aerospace and defense technology company. The Company operates through four segments: Aeronautics Systems, Defense Systems, Mission Systems and Space Systems. The Aeronautics Systems segment is engaged in the design, development, production, integration, sustainment and modernization of advanced aircraft systems for the United States Air Force, the United States Navy, other United States government agencies, and international customers. The Defense Systems segment is engaged in the design, development, production, integration, sustainment and modernization of weapon and mission systems for United States military and civilian agency customers, and a range of international customers. The Mission Systems segment is engaged in advanced mission solutions and multifunction systems. The Space Systems segment is engaged in the design, development, integration, production and operation of space, missile defense, launch and strategic missile systems.
Northrop Grumman Corp. is -4.23% over the past month and -6.89% over the past year, underperforming the S&P/NZX 50 Index by -2.65% over the past month and -13.80% over the past year.
IRIDIUM COMMUNICATIONS INC.
IRDM. Iridium Communications Inc. is a commercial provider of communications services. The Company is engaged in providing mobile voice and data communications services using a constellation of orbiting satellites. It provides voice and data communications services to businesses, the United States and foreign Governments, non-Governmental organizations, and consumers via its upgraded satellite network, which has an architecture of approximately 66 operational satellites with in-orbit and ground spares and related ground infrastructure. The Company’s principal lines of business include land-mobile, maritime, aviation, Internet of things (IoT), hosted payloads and other data services, and United States (U.S.) Government. Its products include Satellite Handsets and Iridium GO!, Broadband Data Devices, Voice and Data Modems, and Internet of Things Data Devices. The Company sells its products and services to customers through a wholesale distribution network of approximately 85 service providers.
Iridium Communications Inc. is -4.85% over the past month and +56.01% over the past year, underperforming the S&P/NZX 50 Index by -3.27% over the past month and +49.09% over the past year.
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