Arthur C. Clarke once said “two possibilities exist: either we are alone in the Universe or we are not. Both are equally terrifying.” Space has always had an allure that’s attracted investment dollars from billionaires and retail investors alike. For the latter, so far it’s been slim pickings. Old school satellite operator stocks aren’t very appealing and the space ETFs on offer are just dreadful. Yes, even ARK’s space ETF.
While some appealing companies are unfortunately deciding to go public using special purpose acquisition companies (SPACs), we’re left holding no space stocks in our tech portfolio. (Once the Planet deal closes, we’ll have one, but that’s about it.) That’s why we’re always grateful when our lovely rea