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Choosing the best stock to buy to play the commercial space race has enormous upside potential for investors.
That's because the private space industry is worth billions. In fact, just today (Tuesday) NASA awarded Boeing (NYSE: BA) and SpaceX – which is backed by Tesla (Nasdaq: TSLA) CEO Elon Musk – a whopping $6.8 billion contract for its Commercial Crew program.
By 2017, the companies will develop a program that transports astronauts headed to and from the international space station. NASA has said it will use private spacecraft to "meet its space station crew rotation and emergency return obligations."
This afternoon, FOX Business "Varney & Co." host Stuart Varney asked our Defense & Tech Specialist Michael A. Robinson to give viewers his best recommendation in the sector.
Watch the video to see which stock Robinson named as the space race's best stock to buy – this company already has a $915 million NASA contract, and it may be the key to protecting the planet against near-earth asteroids:
Robinson recognized another niche loaded with potential for investors - the Chinese auto industry. He's predicting this Chinese auto e-commerce stock "will make another 50% over the next couple of years"...