3 Shaky Space Stocks to Jettison Sooner Rather Than Later

Core Insights - 2024 may be a pivotal year for space stocks, with major companies like SpaceX, Rocket Lab USA, and AST SpaceMobile achieving significant milestones, while Amazon enters the market with its Kuiper Systems initiative [1] - Despite the potential of the space industry to reach a $1 trillion valuation, not all space stocks are expected to thrive, with some, like Virgin Galactic, showing poor performance [1] Company Summaries - Sidus Space (SIDU): Closed 2023 with a reverse split to avoid delisting, which is typically a negative indicator for long-term viability. The company is set to launch its LizzieSat micro-satellites but faces stiff competition and cash issues, making it a stock to sell [2] - Momentus (MNTS): Also executed a reverse stock split in 2023 and has faced layoffs and canceled flights due to liquidity issues. The company’s future depends on raising equity capital or finding a strategic buyer, which does not appear promising [4] - Astra Space (ASTR): Has a larger market cap than Sidus and Momentus combined but struggles with debt and fundraising. The company executed a reverse split and is seeking private funding, with a potential buyout price of around $30 million, which is currently a discount compared to its market cap [5][6]