Workflow
2 No-Brainer Space Stocks to Buy With $500 Right Now

Industry Overview - The space economy is set to experience significant growth driven by renewed interest and investment from both governments and the private sector [1][8] - Increased federal spending on space initiatives is expected to support broader space-related projects, particularly through NASA's Artemis program, which aims to return American astronauts to the moon by 2027 [2] Company Analysis: Rocket Lab USA - Rocket Lab USA (NASDAQ: RKLB) is a key player in the space economy, providing launch services and space systems, and is the second-most used launch company in the U.S. after SpaceX [4] - The company specializes in delivering smaller payloads with its Electron launch vehicle and is developing the Neutron rocket to carry larger payloads, with its launch complex in Virginia ready for operations [5] - The Neutron rocket launch is crucial for Rocket Lab to increase revenue per launch and improve profit margins, while its space systems business remains a primary revenue source [6] - In the last year, 70% of Rocket Lab's gross profit came from its space systems segment, which generated $310.8 million in revenue and $81.6 million in gross profit, nearly double the previous year's figures [7] - The space systems segment's gross profit increased by 71% in the first half of this year, primarily due to growth in satellite manufacturing, and accounts for 59% of Rocket Lab's nearly $1 billion backlog [7]