Fortuna Investments Founder and CEO Justus Parmar joins Yahoo Finance’s Julie Hyman for a new installment of Good Buy or Goodbye, focusing on the space economy and investment in space exploration.
Justus calls Rocket Lab (RKLB) a Good Buy after accomplishing 40 successful shuttle launches with room to grow in the landscape. “It’s an early speculative company, but if they continue on this trajectory, I think their future is quite bright,” Parmar says.
Justus goes on to advise investors to avoid shares of Virgin Galactic (SPCE) as the company has been bleeding cash since the project began, labeling it as “not economically viable at this time” and struggling with operational setbacks.
Catch more of Good Buy or Goodbye here, or you can watch this full episode of Yahoo Finance Live here.
Editor’s note: This article was written by Luke Carberry Mogan.
