What Will It Take for Space Stocks to Win Over Investors in 2022?
- Thin rosters of public companies turn in lukewarm 2021 returns
- Tourism flights aren’t enough to prove it’s a real industry
Elon Musk
Photographer: Liesa Johannssen-Koppitz/BloombergThis article is for subscribers only.
Space stocks fizzled this past year despite their futuristic lure. Some Elon Musk-style boosterism, similar to what he did for the electric vehicle industry, might be just what they need to stage a 2022 turnaround.
Musk has floated the idea of taking his SpaceX company public, and the parallel with EVs would be hard to ignore. Space exploration and electric vehicles both focus on a future that isn’t quite here yet, promising massive opportunities as new technologies evolve into viable companies.