In 2024, the space industry emerged as one of the most exciting investment themes, with small-cap aerospace and space technology companies outperforming broader markets. Stocks like Rocket Lab (NASDAQ: RKLB), Intuitive Machines (NASDAQ: LUNR), and Redwire Corporation (NYSE: RDW) have gained between 360% and 720% over the previous year, driven by impressive developments and growing investor enthusiasm.
While the long-term growth potential of the space economy is immense, with Morgan Stanley projecting the industry to reach nearly $1 trillion by 2040, investors might be left wondering if the momentum can carry into 2025 or if these stocks are due for a breather.
