There are a lot of space companies out there, but only a few of them are listed on the public market. Investors are actively exploring space stocks due to projections that the space industry will grow to over $1 trillion in the following decades.
The stock of Axiom Space is in high demand among investors. Investors are optimistic about Axiom’s future after completing Axiom Mission 1 (Ax-1).
When does Axiom Space plan to have its first public offering? And how can you buy Axiom stock when it becomes available? Read the article below to learn all you need to know about Axiom Space stock.
What is Axiom Space?
Axiom is a Texas-based space infrastructure firm that was founded in 2016. The company’s primary focus is the Axiom Station, a commercial space station. The International Space Station (ISS) will be decommissioned in 2028, having run for 30 years. Axiom is now under development to replace it, with a rollout scheduled to begin in 2024.
Axiom Space aims to establish a prosperous space colony for the benefit of all people on Earth. Presently, Axiom is the leading provider of human spaceflight services and developer of human-rated space infrastructure, operating round-trip missions to the ISS while privately building the Axiom Station. The Axiom station will be the first commercially viable long-term outpost in Earth orbit, allowing for further human expansion into space while providing many advantages to Earth.
The Axiom Station will initially be built alongside the ISS but will split off after the ISS is decommissioned. After Axiom completes its private space station construction, it intends to offer spaceflight services to commercial and government clients. The prospects of space tourism alone make this endeavor worthwhile.
What is the Axiom Station?
Axiom Station is to have its ship most duels launched separately and integrated into orbit, with the first module attached to the ISS.
The company intends to separate its modules from the ISS and throw them into orbit as Axiom Station before the ISS is decommissioned. The company plans to have the station finished by the late 2020s and to have sent the first Axiom module to the ISS by the end of 2025.
With the help of its government and business partners, Axiom Space plans to provide astronaut training to the private sector. Dockings of up to three Axiom modules at the ISS are possible.
When is the Axiom Space IPO?
Investors in space equities will have more options thanks to the Axiom Space IPO. To differentiate itself from competitors like Richard Branson’s Virgin Galactic, which focuses only on the space transportation service sector, the company has zeroed in on a specific subset of the space economy: tourism.
At this time, Axiom’s initial public offering (IPO) is not scheduled. However, some market watchers predict an IPO within the next few years.
Axiom Space has yet to reveal any plans to go public. It has shifted its attention to building the space station, an endeavor for which it seems okay without public funding. After the space station has been made, an initial public offering for Axiom Space may be feasible.
How to Buy Axiom Space Stock After the IPO
Patience is required while we await the Axiom Space IPO. You may reap some benefits if you can wait until after the IPO. Since Axiom Space is not likely to begin orbital operations until after an IPO, you may need patience.
Since Axiom Space is a private company, gaining share ownership at this time is difficult. However, once Axiom Space has an IPO, you can easily buy shares by following these instructions.
Here’s how you can buy Axiom Space shares when they become available:
- Create or log into your current stock trading account.
- Look for shares of Axiom Space.
- Choose the desired share purchase quantity.
- Proceed with the transaction.
- Monitor your portfolio.
Today, shares of Axiom Space cannot be purchased on any stock exchange.
7 Best Alternatives to Axiom Space Stock
The year 2022 was terrible for investors generally, and space stocks were no exception. However, expansion in the industry has persisted. These seven stocks are ready to skyrocket as we wait for the Axiom Space IPO.
Virgin Galactic Holdings, Inc.
The stock of Virgin Galactic fell by 74% in 2022, making investors very unhappy. The price of Virgin Galactic stock skyrocketed by more than 300 percent between 2020 and 2021. The further decline in share price this year (2023) might be seen as a correction.
Virgin Galactic’s primary emphasis is space tourism, and the company plans to debut its service in the second quarter of 2023. The company’s space tourism division’s launch date has been repeatedly delayed, so this latest date should be treated with caution. Tickets purchased in advance are the primary source of income for Virgin Galactic while the company waits for its services to go live. Revenue for Virgin Galactic was $2.3 million in FY2022, down almost 30% year over year.
Lockheed Martin Corp. (LMT)
While Lockheed Martin isn’t technically a “space company,” it is a well-known, blue-chip leader in the related defense and aerospace fields. The majority of the company’s income comes from government contracts, and it is most known for producing the F-23 Joint Strike Fighter, or JSF, of the next generation.
Even now, Lockheed has a substantial division focused on creating satellite and missile hardware. NASA’s Lucy mission to Jupiter and the Orion mission to the moon used components this company made. Amazon.com, Inc. (AMZN) and Cisco Systems, Inc. (CSCO) partnered to include Alexa and Webex in the company’s Callista crew interface platform, respectively.
Astra Space Operations, Inc. ($ASTR)
The stated goal of Astra is to make Earth a better, healthier, and more interconnected place to live. The company’s launch services and rocket motors are two ways it aims to accomplish this goal. Both Kodiak, Alaska, and Cape Canaveral, Florida, serve as bases of operations for the launch division. Astra plans to open a third facility in Saxavord, United Kingdom, by 2024. Payloads in LEO orbit weighing up to 600 kg may be launched on this rocket.
The space goods business provides the world with rocket motors. The Astra Spacecraft Engine (ASE) and the Astra Spacecraft Engine Max (ASE Max) are two of the company’s current offerings. The engines are designed to work on many different types of satellites, from tiny ones used for scientific research to massive ones used for communications. Although ASTR was established in 2016, the company did not begin to generate income until FY2022. It ultimately turned a profit of $9.4 million in 2018, although its net deficit ballooned from $258 million in 2021 to $411 million in 2018.
Rocket Lab USA Inc. (RKLB)
In 2021, Rocket Lab USA Inc. (RKLB) was established by a reverse merger with a publicly traded special-purpose acquisition company (SPAC). Launch services for other space and military companies and the design and production of spacecraft components are the mainstays of the company’s operations. The corporation’s name gives away its primary line of business: rockets and spaceships. NASA’s Jet Propulsion Laboratory recently awarded Rocket Lab a contract to provide solar panels for the CADRE (Cooperative Autonomous Distributed Robotic Explorers) program. The firm also conducted the 31st launch of an Electron rocket in October of last year.
Rocket Lab has successfully carried out 35 launches as of May 2023, has two-photon satellites in orbit, and controls three launch sites. Even more astounding is the fact that NASA, the US Space Force, DARPA, the US National Reconnaissance Office, Canon, and Capella Space are all clients. As a result, Rocket Lab’s revenue in 2022 was US$211 million, up 239% from the previous year.
The Boeing Company ($BA)
The Boeing Company is a household name since it produces the Boeing 737, a mainstay of the commercial aviation sector. Boeing is also active in a wide variety of other sectors; however, the aerospace industry will be the focus of this article.
Boeing’s space business has received more attention since establishing the United States Space Force, although it is often grouped with the defense and security sectors. In 2022, this section contributed US$23 billion of the company’s total US$66 billion in sales. The BA stock price fell 5.4% in 2022 due to issues with the company’s commercial aircraft and defense divisions but rebounded significantly in 2019.
L3Harris Technologies (LHX)
L3Harris Technologies (NYSE: LHX) is another space-related company to examine. The deal to buy Aerojet Rocketdyne for $4.7 billion was revealed late last year. For instance, Aerojet’s yearly sales are over $2.3 billion; the company manufactures rocket engines and spacecraft propulsion.
The fact that L3Harris is still making money is even more impressive. The company’s fourth-quarter sales of $4.58 billion were above analysts’ projections of $4.34 billion.
Procure Space ETF (UFO)
This ETF follows the S-Network Space Index, a group of 46 firms whose primary source of income is the space sector—rocket and satellite production and operation; ground equipment production.
Space technology and hardware; space-based photography and intelligence services; and telecommunications, television, and radio broadcasting are the five sectors represented in this index. Around 73% of the ETF is invested in domestic U.S. companies.
Virgin Galactic and Axiom Space Announce Partnership
Virgin Galactic Holdings, Inc. revealed a few months ago that it had negotiated with Axiom Space to fund a training mission and microgravity research. An Axiom astronaut will use the tentatively planned 2023 Virgin Galactic journey to train for their eventual trip to orbit and undertake microgravity research to augment their time at the ISS.
Virgin Galactic is dedicated to facilitating scientific inquiry and investigation in the suborbital region of space. The company is ideal for flying both human-tended and independent experiments because of its parabolic trajectory, which can be altered to meet the individual demands of the payloads on board. The company’s past spaceflights have included research experiments, and the first thousand seats are being set aside for scientific and technological exploration.
Axiom Space operates end-to-end and full-service crewed flights to the ISS on behalf of private astronauts, individuals, and representatives of foreign governments. In addition to its work on a commercial space station for low-Earth orbit, Axiom Space is helping to foster the next generation of space explorers by funding research into human spaceflight. Several sovereign nations, including Italy, Turkey, Hungary, and the United Arab Emirates, have partnered with Axiom Space to increase their space capabilities.
Final Arguments in Favor of Axiom Space Stock
What sets axiom space apart as a stock? Investors are interested in Axiom stock for many different reasons.
The firm is starting by filling a specialized space travel market need by focusing on the final goal. While competitors like SpaceX and Virgin Galactic are honing in on the spacecraft and tourism industries, Axiom has bigger ambitions. Companies from various sectors will utilize its commercial space station for multiple purposes, including research, providing services, and more.
In 2028, 30 years after its inception, the International Space Station (ISS) will be decommissioned. When NASA decides to retire the ISS, Axiom plans to have its module ready to detach. Until then, Axiom provides commercial and private astronauts access to the ISS through fully crewed voyages.
Axiom reports that the space economy will be valued at more than $1 trillion in the next few decades, an estimate shared by Bank of America and Morgan Stanley. Investors are looking for growth prospects in every sector as the space race heats up. Is an initial public offering for Axiom Space a possibility?
FAQs Regarding Axiom Space Stock
Who created Axiom Space?
Michael Suffredini, the CEO and a former NASA program manager, and Kam Ghaffarian, the Executive Chairman, established Axiom Space in 2016. Axiom is a leading American spaceflight services provider and aerospace manufacturer headquartered in Houston, Texas. Axiom has the same goal as SpaceX and Blue Origin to make space travel affordable and accessible to the masses.
Will Axiom Space be a subsidiary of SpaceX?
No. However, Axiom Space and Elon Musk’s SpaceX cooperate on projects. The Ax-1 trip was the first commercial personnel flight to the ISS, and SpaceX supplied the spaceship. An Axiom employee (and former NASA astronaut) and three guests paid $55 million apiece to go on the expedition. Axiom intends to conduct additional space trips, some of which may include SpaceX.