MikeCooper

Why Does Loral Continue to Shoot Up?

Allow me to venture another theory: Space Cadets! There is a large segment of investor out there that believes the space industry is the next computer revolution in 10-15 years. These investors are desperate to invest in this. Unfortunately nearly all of the startup firms on the cutting edge of the effort are private. Until recently space fans flocked to SpaceDev (SPDV.ob), most known for building the rockets that power Virgin Galactic's spaceships.

Recently however, the founder of SpaceDev, Jim Benson died and his family is selling the company to a private company. Absent this investment avenue Loral probably represents the more affordable publicly traded space company out there. I've seen Loral mentioned on several SPDV message boards.