Tuesday marks the maiden voyage for Amazon (NASDAQ:AMZN) founder Jeff Bezos and his Blue Origin rocket. The launch into space is scheduled for 9 AM Eastern time. The company is set to begin covering the launch at 7:30 AM on its YouTube page.
Who Will Be On The Blue Origin Rocket Launch?
This will be the first spaceflight for Blue Origin, which will carry founder Jeff Bezos, brother Mark, aviation pioneer Wally Funk & the son of Somerset Capital Partners CEO (Joes Daemen), Oliver Daemen. This is the latest in a string of billionaire space tourism launches. Earlier this month, Virgin Galactic (NYSE:SPCE) founder Sir Richard Branson became the first space billionaire. Branson’s own maiden voyage marked the official launch of space tourism. Clearly, it isn’t the last.
Is The Blue Origin Rocket Launch Good For Stocks?
With companies like Blue Origin and Virgin Galactic marking the dawn of a new era for space tourism, there’s a lot to consider when it comes to the stock market today. Everything from semi-conductor stocks, rare earth metals, and communications stocks could experience some sympathy interest. The fact is that there are plenty of moving parts that go into a space launch.
You’ve got to consider the entire supply chain that ranges from the rocket itself to all of the monitoring technology going into the launch altogether. In this article, we’re going to take a look at several penny stocks to watch as the space race gets off the ground. Thanks to growing interest from Blue Origin, Virgin Galactic, SpaceX, and others, there could be a bright future ahead for many companies.
Will These Penny Stocks Skyrocket After The Blue Origin Rocket Launch?
Communications systems are one of the more obvious necessities for aerospace applications. While SuperCom may not provide the Blue Origin rocket its products, it is in an industry that could gain traction thanks to new applications. Not only that, but security is one of the most important things to consider when dealing with aerospace events. You don’t want just anyone getting into the cockpit or space lab, obviously.
In the case of SuperCom, the company provides safety and identification solutions. The company’s solutions have been deployed across several industries, including governments and organizations in the public and private sectors. SuperCom has also worked to gain positioning in the cybersecurity sector. Its recent $5 million raise has been earmarked for corporate growth. In a statement last month, CEO Ordan Trabelsi said, “Numerous wins in government tenders displacing our competition, proprietary technology introducing new abilities and superior performance, and a growing need of nations to utilize electronic monitoring and cybersecurity…