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Best Space Stocks To Consider - August 23rd

Alphabet logo with Computer and Technology background

Key Points

  • Alphabet, Berkshire Hathaway, and Boeing are highlighted as key space stocks to watch, reflecting their involvement in the growing commercial space sector driven by advances in technology and interests in space exploration.
  • Alphabet operates through multiple streams, including Google Services and Google Cloud, contributing to its diverse revenue base beyond just space-related ventures.
  • Berkshire Hathaway engages in insurance and utility businesses, while Boeing focuses on manufacturing and supporting aerospace technologies, indicating varied approaches within the space stock sector.
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Alphabet, Berkshire Hathaway, and Boeing are the three Space stocks to watch today, according to MarketBeat's stock screener tool. Space stocks are shares of publicly traded companies that develop or provide services related to space exploration, satellite communications, launch vehicles and space tourism. By investing in these equities, shareholders gain exposure to the commercial space sector’s growth potential as private firms and governments expand satellite networks, lower launch costs and pursue new off‐Earth ventures. Demand for space stocks is driven by technological advances, rising data connectivity needs and increasing interest in space-based research and travel. These companies had the highest dollar trading volume of any Space stocks within the last several days.

Alphabet (GOOGL)

Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

Read Our Latest Research Report on GOOGL

Berkshire Hathaway (BRK.B)

Berkshire Hathaway Inc., through its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses worldwide. The company provides property, casualty, life, accident, and health insurance and reinsurance; and operates railroad systems in North America. It also generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal sources; operates natural gas distribution and storage facilities, interstate pipelines, liquefied natural gas facilities, and compressor and meter stations; and holds interest in coal mining assets.

Read Our Latest Research Report on BRK.B

Boeing (BA)

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.

Read Our Latest Research Report on BA

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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