Better Buy: Virgin Galactic vs. Lockheed Martin
The aerospace, rocket launching, and defense industries seem to be on the verge of a huge expansion over the coming decades. Companies like SpaceX and Blue Origin have paved the way for this private "space race," launching test rockets and satellites for businesses and the U.S. government. But there are plenty of other companies in this private space race. One is Virgin Galactic (NYSE: SPCE), which was started by Richard Branson in 2004 and went public through a special purpose acquisition company (SPAC) in 2019. Another is Lockheed Martin (NYSE: LMT), the world's largest defense contractor.
Which is a better buy: Virgin Galactic or Lockheed Martin? Let's take a look.
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Source Fool.com
