The good boring though, where the company is able to quietly and consistently grow their sales. Most of the company’s business is fairly boring. Its job on those missions was to act as a parts supplier, providing anything from a star sensor to a solar array. In my article on Redwire, I describe it as the “legacy play in a young space industry.” The company itself isn’t terribly old, founded in 2002, but has seen its fair share of missions since its inception, totaling over 150. #Ark orbital space drop fullBe sure to read my full coverage of each company if the summarization interests you, there is a far more thorough discussion of risk as well as planned operations. Major Market Playersīelow is a summarization of some of the major companies moving forward in the space industry, including my top picks. Fixed satellite services are expected to stay mostly flat over the 20 year projection period. This would be something like SpaceX’s Starlink service. Some of the biggest sectors of growth within the industry include satellite manufacturing, satellite launching, and “second order impacts.” Second order impacts is the term Morgan Stanely has assigned to satellites designed to provide high-speed internet bandwidth. In terms of monetary value, Morgan Stanley ( MS) sees space as a $1 trillion market by 2040. But, in this case, I really don’t think these numbers will be too far off the mark. Obviously, as a small satellite launcher, Astra has a reason to push favorable figures as they make their way to the public markets. Additionally, the company estimates that approximately 90% of the aforementioned satellites will weigh 300kg or less. Astra estimates that this will take the number of satellites in orbit from 4,062 at the end of 2020, to 40,746 by the end of 2029 - that’s a 903% increase in just ten years. Astra hopes to eventually bring this number down to $1 million per launch as they increase their production scale.Īll of this has allowed more companies to gain access to space than ever before. Also helping this revolution is Rocket Lab, targeting small satellites and charging just $5.7 million for a dedicated launch and Astra taking this a step further, charging just $2.5 million per launch. SpaceX ( SPACE) has pioneered low-cost access to space, dropping costs of space access from $380 million per launch to just $50 million on board a reused Falcon 9 booster. By playing it right, investors getting in on this new trend early stand to make pretty substantial gains. This article will focus on five publicly traded companies, Boeing ( BA ), Virgin Galactic ( SPCE ), Rocket Lab ( VACQ ), Redwire ( GNPK ), and Astra ( HOL ), with an aim to provide investors with a deep understanding of how the industry will shape out. However, not all companies are solid investments. There are a host of new companies entering the arena, motivated by the increasing investments provided to others in the sector. There are plenty of starry-eyes investors looking up to the unknown as one of the next major trends in investment. Photo by Alexyz3d/iStock via Getty Images
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