Investment in space companies

[Coastal Ron]

...True story - I had been an Apple Computer user since 1989 when I bought a Macintosh SE, and I was sad when Steve Jobs left the company and Apple started drifting. Steve Jobs came back at the end of 1996, and I invested a couple of thousand in Apple stock in 1997 because I believed the company and wanted to support it. That story had a good outcome, but I was fine with the money going to zero.

So invest for the passion, but only invest what doesn't matter to your future - because the odds are that your investment will go to $0.

That said, if a non-profit gets created as part of the effort to colonize Mars with SpaceX, I'll be donating to it because I believe in the goal, not that I expect an ROI in my lifetime.

Your $2000 shares would be worth $2.5M today.

I learned a long time ago that the time to sell stock is when you feel good about your gains, and then never look back. I still have some of that original Apple stock, but I don't fret over what I have sold, since I bought the stock to support Apple when times were uncertain. Goal accomplished.

And good for those of you that have been risking some of your own money to support space companies, you are literally investing to make the future happen quicker!

[markbike528cbx]

Other fora are interested in this topic too.


https://forum.mrmoneymustache.com/investor-alley/rocket-lab/

[TrevorMonty]

One of the exceptions:

https://twitter.com/timfernholz/status/1683511289287684096

Impulse Space, the rocket engine company from SpaceX vet Tom Mueller, says it raised a $45 million Series A...some start-ups are still finding VC backing!

The money hasn't dried up, VCs will still back companies with good business plan. Tom Mueller knows industry and doing what he is good at, developing small engines/thrusters using storable fuel.

[Danderman]

Rocket Labs dropped another 6% yesterday, so I am down 10% in 2 trading days.

No idea what provoked the drop, maybe there is a problem with the next launch.

[TrevorMonty]

Rocket Labs dropped another 6% yesterday, so I am down 10% in 2 trading days.

No idea what provoked the drop, maybe there is a problem with the next launch.

Just a flickle market, not reflection of RL financial situation.

[Danderman]

I completely forgot that I had purchased a boatload of RKLB stock last year, at $4.10 a share. So my portfolio has 2 different batches of stock in this company, with latest purchase at $7.80.

[Danderman]

RKLB has a historical Beta near 1, but lately it is moving up and down in large increments. Is there a reason for the recent fluctuations, or is it an exaggerated random walk?

If there is big unexpected news soon, we will know the answer.

[meekGee]

RKLB has a historical Beta near 1, but lately it is moving up and down in large increments. Is there a reason for the recent fluctuations, or is it an exaggerated random walk?

If there is big unexpected news soon, we will know the answer.

Because "the market knows"?   This is the same market that buoys VG every other month...

[TrevorMonty]

Planet are restructuring and laying off some staff.
https://twitter.com/thesheetztweetz/status/1686331510452854784?t=dmcyQYsXhipLxwnVnyTdDQ&s=19

They have good revenue streams and lots of cash on hand just need to cut back on their spending to become profitable. Share price is likely to take a hit but as shareholder I'm not worry about them doing another VO.

[Robotbeat]

Laying off workers often means share price goes up, at least in mature businesses. I suppose layoffs are a hint you’re not growing as fast, so there’s that.

[Danderman]

It sure looks like the SPAC craze didn't do well for investors.

[jstrotha0975]

It sure looks like the SPAC craze didn't do well for investors.

I lost about $1k on Virgin Orbit

[Danderman]

I probably lost a few thousand on Astra and Rocket Labs.

[Tywin]

Is necessary more time, Planet, Blacksky, Redwire, Rocket Lab, AST Spacemobile, Terran, need more time for better earnings...

[TrevorMonty]

Given how often RLKB goes up a down its worth investing a little and dumping shares everytime its makes a significant gain then purchase again on the next dip.

[TrevorMonty]

I probably lost a few thousand on Astra and Rocket Labs.

Astra are never going to trade their way out of the hole they are in. Best sell them while still worth something.

RLKB you need to be in for long haul ie 5years minimum.
NB its only an actual lost if you sell below purchase price which is going be case with Astra.

[Danderman]

I needed a capital gains loss in 2023, so I unloaded stock that had lost value.