2021 was the year of the space initial public offering (IPO). All sorts of brand new space stocks followed the trail first blazed by Virgin Galactic -- conducting special purpose acquisition company (SPAC)-sponsored IPOs, giving investors their proverbial chance to "dabble a little bit in a spaceship company, own a little bit of a spaceship company."

Many investors took that chance -- and paid the price in 2022 and 2023, as the stock market taught the dangers of investing in SPACs. Stocks that had come public at $10 a share, rocketing many times in value in the days after their IPOs, plummeted to mere fractions of their IPO prices.

Here's the thing: As recently as last year, a lot of these space stocks were still too expensive. But what about now?

Continue reading

Source Fool.com