It was a warm Miami morning, and we were wheels up.
We were taking the plane 30 minutes north, landing directly inside of Kennedy Space Center (KSC). I was there to run due diligence on a private company that has found a novel way of getting payloads into orbit.
With this field trip, I had the opportunity to tour the KSC grounds… and I was blown away.
See, 20 years ago I was an actual “rocket scientist.” I helped build out the control systems for missiles on the new Navy destroyer.
I almost went to work for NASA, and I”ve been on the campus multiple times.
The buildout that has happened is incredible.
This building is where they’re running the Artemis program. See that American flag? It’s the size of a football field.
You’ve got SpaceX, Blue Origin, and a dozen smaller firms all building at an incredible rate.
The “Space Race 2.0” investing theme is still incredibly early – and underpriced in the market.
I recently watched the SpaceX livestream. They took their main rocket booster, shot it off, and then returned it to Earth… and caught it.
They used chopsticks to catch the damn thing.
What’s wild is they caught it with the launch platform. Musk is looking to get a quick turnaround on these launches. Instead of waiting months, it could take a day or two.
It also takes the payload costs from $1,000 per pound to $10 per pound.
The math has changed. This is like when broadband came to American households, and the services available on the internet exploded.
You’re going to have orbital assembly stations. Lunar bases. It’s going to be the Jetsons.
The company I went to see at KSC is not yet a public company, along with many other plays. Expect a space IPO wave in the next few years.
For now, you can play names like Rocket Lab, which has run over 120% this year:
You could even do a “dash for trash” in Virgin Galactic, which is starting to heat up:
And I’ve got one more name that looks ready to go:
I’m holding this one back for my clients though, since we did just see a $129,000 stock purchase from a company director. The last time he bought, the stock was trading much lower, and he’s sitting on a 351% gain on that buy.
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