The 5 Best Space Stocks to Buy Now After the Russian invasion of Ukraine and the sanctions it faces as a result, the idea of a second space race has resurfaced. Russia plans to sever its 20-year-long space partnership with the U.S and hinted at building its own space station as early as 2028. In addition, China is already constructing its own space station. Of course, the U.S is still ahead in space technologically. However, American lawmakers are unlikely to stand idle while others catch up, especially as Russia and China deepen their space cooperation. The CHIPS Act will already be extending NASA’s authorization to operate the ISS by six years, and future bills aimed at competing with China could increase space funding even more. Even if you are not interested in the current geopolitical situation, I believe it is wise to invest in the following five best space stocks as the government could increase space funding. Best Space Stocks: Raytheon Technologies (RTX) Source: JHVEPhoto | Shutterstock.com Raytheon Technologies (NYSE: RTX ) is an American conglomerate that manufactures various defense products and provides intelligence services for the U.S government.