Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
space industry
Analytics

Why the space industry deserves attention: a review by Freedom Finance

09.05.2021
2 min read

The space industry is growing faster than the global economy

The space industry is developing at a tremendous pace. If just a few years ago flights to Earth’s orbit were something fantastic, now companies are selling tickets for commercial flights into space. Therefore, investments in this sector are becoming more and more attractive. According to analysts of Freedom Finance, it is necessary to invest in directions that will soon become extremely promising, such as suborbital flights and communication satellites.
Last fall, Nokia won a tender organized by NASA. It was to find a contractor to install cellular towers on the surface of the moon. This tender is part of a large-scale project “Artemis” for the development of the Earth’s satellite. The infrastructure for mobile communications is laid to provide communication with the lunar base. The term of these works is 8 years, and during 4 years a number of countries are planning to invest about 35 billion dollars in the project. The main share of this money will go to pay contractors who will organize the transport of people, communications, supplies and other issues. In addition to Nokia, the project involves other companies in a variety of areas, including cryogenics, IT and others.

space industry

Not surprisingly, such active space exploration is attracting more and more interest. The investment firm Morgan Stanley estimated the space services segment at $350 billion and Bank of America at $424 billion. Despite the different estimates, they agree that sales of services in this area will increase rapidly, and much more actively than the global economy. Within 10 years, the space industry could increase in value from $1.1 trillion to $1.4 trillion, an increase of 3 times or more. Investment in space tourism will increase approximately 9 times.
In spite of the fact that research on the Moon and possibilities of flights to it are actively conducted, this is not the most promising direction in the segment. Orbital technologies occupy a share of 80% of the space market. This includes the production of satellites, communication equipment, as well as their maintenance. The biggest among such companies is ViaSat from the USA, though its shares have fallen in price three times for the last year. The reason is the increase of competitors in the market and their success in new developments. The point is that approaches are changing and heavy and expensive communication satellites are considerably inferior to small nano-satellites which can weigh from 1 to 10 kg.
Summarizing the above, analysts emphasize that the space sector will only grow, and now you can think about investing in companies that represent it. Such investments will start giving their benefit in the nearest decade.

Tags: Analytics
0
Previous Post British startup Revolut is now available for users from Japan Next Post Direct listing as a beneficial alternative to an IPO

You Might Also Like

dollar collapse
Analytics
Expert from BCS Investment World talks about the dollar collapse
30.11.2021
U.S. bond yields
Analytics
ING strategist: ten-year government bond yields may reach record levels
26.09.2021
chaslau koniukh
Analytics
Risks of investing in airline stocks: opinion of ICB and analyst Chaslau Koniukh
07.08.2020
Reasons for rising aluminium prices
Analytics
Otkritie Broker analysts: expect aluminium prices to rise in the long term
05.11.2021
stock market growth
Analytics
Goldman Sachs: when to expect stock market growth
03.02.2021
coronacrisis
Analytics
Analysts: how the coronacrisis has changed the positions of major currencies
12.08.2021

Popular Posts

  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Spain’s economy performs best in the EU

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Popular Posts

  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Spain’s economy performs best in the EU
  • Li Ka Shing: How can success be achieved without money and education?
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics