These three space promotions are better than Virgin Galactic. Why

Investors around the world have been taken by the topic of investing in the space industry because of Richard Branson and his Virgin Galactic. The British businessman, along with Jeff Bezos and Elon Musk, is trying to make space tourism a reality, which not so long ago appeared only in science fiction. On July 11, Branson became the main newsmaker: he personally flew into space, after which, it seems, everyone knew about his company.

Virgin Galactic is especially loved in Russia: this company is insanely popular with Russian investors, and the trading volume for it on some days can exceed the turnover of the entire Russian stock market.

However, time clearly shows that Virgin Galactic is an extremely risky investment, comparable to roulette. This is an incredibly volatile security that can "fly" up and down by tens of percent per day due to the huge number of speculators. She is closely followed by numerous "hamsters" from the r/wallstreetbets community on Reddit. And even market professionals can hardly predict the dynamics of quotations.

The company itself is capable of unpleasant surprises: the day after Branson's sensational flight into space, Virgin Galactic announced an additional issue of $500 million, which provoked a collapse in shares instead of the take-off expected by many.

But investing in space is not just about Virgin Galactic, it's also a huge growing industry with dozens of exciting companies. Morgan Stanley in 2020 estimated the size of the space services market at $350 billion - and the bank believes that by 2040 it will break through the $1 trillion mark.

Unfortunately, many promising and growing space companies are non-public, such as Elon Musk's SpaceX or Jeff Bezos' Blue Origin. However, promising options can be found among space stocks traded on the market - not as explosively growing as Virgin Galactic at times, but certainly much more reliable. We will talk about three companies that are highly valued on Wall Street in this text.