NASA has just awarded $SPCX another $946 million contract to transport astronauts to the International Space Station, with missions planned through 2030.
With this new contract, SpaceX now has 17 total missions awarded by NASA for this type of transportation.
That brings the total value of NASA’s contracts with SpaceX to $5.92 billion.
In other words, SpaceX is further securing its position in space transportation for the years ahead. And when you look at how often NASA continues to award contracts to the company, the message is pretty clear.
On the market side, SpaceX’s stock surged after its IPO this year, getting close to $225, before falling back toward its IPO price and even below it.
It’s currently trading around $152.
It’s a stock I’m keeping a close eye on and gradually adding to my position.
Not financial advice, of course.
The company still has some fundamentals that make me a bit cautious, but personally, I consider the risk tolerable.
Because beyond the valuation, there’s Elon Musk, SpaceX, and more importantly, a steady flow of government contracts.
It’s a bit like the Palantir story with its government contracts: when the contracts keep coming in, it’s hard not to keep the company on your radar.
#BOJRaisesRatesTo31YearHigh
With this new contract, SpaceX now has 17 total missions awarded by NASA for this type of transportation.
That brings the total value of NASA’s contracts with SpaceX to $5.92 billion.
In other words, SpaceX is further securing its position in space transportation for the years ahead. And when you look at how often NASA continues to award contracts to the company, the message is pretty clear.
On the market side, SpaceX’s stock surged after its IPO this year, getting close to $225, before falling back toward its IPO price and even below it.
It’s currently trading around $152.
It’s a stock I’m keeping a close eye on and gradually adding to my position.
Not financial advice, of course.
The company still has some fundamentals that make me a bit cautious, but personally, I consider the risk tolerable.
Because beyond the valuation, there’s Elon Musk, SpaceX, and more importantly, a steady flow of government contracts.
It’s a bit like the Palantir story with its government contracts: when the contracts keep coming in, it’s hard not to keep the company on your radar.
#BOJRaisesRatesTo31YearHigh
