The space industry is heating up right now. It’s time to start picking up favorite space stocks now before the industry truly takes to the stars.For years now, wealthy individuals have been pushing the space industry forward. Visionaries such as Jeff Bezos and Elon Musk are investing heavily in the space sector, and that has attracted all sorts of new talent and ideas to the industry.Excitement further mounted in February when Intuitive Machines (NASDAQ:LUNR) soared on the news that it had landed a craft on ...

Earlier this year, Payload Research spilled the beans on SpaceX's revenue and profits in 2023. After combing through publicly available information on the privately traded company, the space market researcher calculated that SpaceX probably nearly doubled its revenue to $8.7 billion in 2023, and generated "significant" profits. (Payload didn't hazard a guess at a precise profits figure, but Bloomberg reported late last year that profits were on track to reach $3 billion, "adjusted" to exclude one-time items ...

VanderWolf-Images Company Description Lockheed Martin Corporation (NYSE:LMT) is a global security and aerospace company engaged in advanced technology systems and their associated products and services. LMT’s key markets include defense, space, intelligence, homeland security and information technology. The business environment is heavily regulated and the vast majority of LMT’s programs involve the US government as either the direct customer or the approver of programs involving foreign governments. Cu ...

Lockheed Martin (LMT) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this aerospace and defense company have returned +3.9%, compared to the Zacks S&P 500 composite's +4.4% change. During this period, the Zacks Aerospace - Defense industry, which Lockheed falls in, has lost 0.2%. The key question now is: What could be the stock's fut ...

Lockheed Martin Corporation (NYSE:LMT) J.P. Morgan 2024 Industrials Conference Call March 13, 2024 10:15 AM ET Company Participants Jay Malave - Chief Financial Officer Conference Call Participants Seth Seifman - J.P. Morgan Seth Seifman Good morning, everyone. Welcome back to the aerospace defense track at the 2024 JPMorgan Industrials Conference. I'm Seth Seifman, the U.S. Aerospace Defense equity analyst. We are very grateful now and been very happy to have Lockheed Martin with us now. We have Jay Malave ...

The latest trading session saw Lockheed Martin (LMT) ending at $434.75, denoting a +0.43% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily loss of 0.11%. Meanwhile, the Dow experienced a rise of 0.12%, and the technology-dominated Nasdaq saw a decrease of 0.41%.Prior to today's trading, shares of the aerospace and defense company had gained 1.5% over the past month. This has outpaced the Aerospace sector's gain of 1.43% and lagged the S&P 500's gain of 2.7% ...

2021 was the year of the space initial public offering (IPO). All sorts of brand new space stocks followed the trail first blazed by Virgin Galactic -- conducting special purpose acquisition company (SPAC)-sponsored IPOs, giving investors their proverbial chance to "dabble a little bit in a spaceship company, own a little bit of a spaceship company."Many investors took that chance -- and paid the price in 2022 and 2023, as the stock market taught the dangers of investing in SPACs. Stocks that had come publi ...

Lockheed Martin Corporation (LMT) recently secured a modification contract for the Precision Strike Missile (PrSM) early operational capability Lot 3 requirement.  The deal has been given by the Army Contracting Command, Redstone Arsenal, AL.Valued at $219.7 million, the contract is expected to be completed on Mar 6, 2026. The work related to this contract will be executed in Grand Prairie, TX.What’s Favoring Lockheed Martin?Lockheed Martin’s PrSM is a long-range precision-strike missile designed for the U. ...

Lockheed Martin Corp.’s (LMT) Aeronautics business segment recently secured a modification contract involving its F-35 fighter aircraft. The contract has been awarded by the Naval Air Systems Command, Patuxent River, MD.Details of the DealThe latest modification adds scope for Lockheed to provide non-recurring engineering and associated materials for power thermal management system controller, gun lube diminishing manufacturing sources and material shortages redesign effort to support the F-35 Joint Strike ...

With the machines taking over, it seems only appropriate to ask ChatGPT what it thinks about space stocks to buy. Specifically, which ideas in the public market command 10X potential given several years to work with? I was a bit surprised at the answers.Let’s back up for a moment. According to ChatGPT, “[t]he space industry is experiencing rapid growth driven by advancements in technology, increasing private sector involvement, and government support for space exploration and commercialization.” Therefore, ...