Space Stock Mania: Drawing Parallels Between Today's Market and the 1960s Space Race
By
Josh Brown
Hand-rolled, kettle-boiled, baked to perfection. Worth every minute at the bakery.
Summary
The article draws a historical parallel between the current space industry stock market frenzy and the 1960s space race era. It traces the origins to President Kennedy's use of the Sputnik launch to galvanize American space ambitions, leading to the creation of COMSAT and a wave of space-related public offerings. The piece suggests that today's excitement around SpaceX and private space companies mirrors that earlier period, with investors eager to pour money into the sector.
Key quotes
· 3 pulledMaybe it's not 1999, it's 1966?
The whole thing started when President John F. Kennedy used the surprise Russian launch of its Sputnik spacecraft in 1957 to galvanize the nation.
Once they see the demand for SpaceX shares, they're going to dump everything they have on us. Until we've had enough.
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