The space industry could be worth $1.4 trillion by 2030



Many companies operating in the space industry have been planning to list on stock exchanges. The space industry attracts millions of dollars in capital on the stock exchange. The space industry is worth nearly $415 billion and could grow to $1.4 trillion by 2030.

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Many companies operating in the space industry have been planning to list on stock exchanges. The space industry attracts millions of dollars in capital on the stock exchange. The space industry is worth nearly $415 billion and could grow to $1.4 trillion by 2030.

However, financial advisors warn that the universe is an emerging industry with a high potential for volatility and failure.

Investors in space stocks are like Jeff Bezos in that they love to study 70s science fiction and believe that the future of humanity lies in the stars.  However, the big difference between them and the former Amazon CEO is that they don't have a net worth of more than $200 billion and a real spaceship that will take Mr. Bezos to the edge of space on July 20. Instead, they are equipped with a trading account on Robinhood, which allows them to buy stocks and other securities related to the space industry.

The space industry could be worth $1.4 trillion by 2030

The space industry could be worth $1.4 trillion by 2030 / ph: pexels 

Today, people can easily bet on the future of the extraterrestrial economy through ETFs, startups and new trading technology focused on the space industry.  Bank of America estimates the space industry is worth nearly $415 billion and could grow to $1.4 trillion by 2030.

Speculators are focusing their attention on the upcoming trip of the world's richest man, Jeff Bezos, to the edge of space on July 20, as well as the trip of British billionaire Richard Branson a few days ago.  However, what they really care about is bigger than those flights.

In March, Ark Invest Chief Investment Officer Cathie Wood launched the ARK Space Exploration ETF (ARKX), which is the company's first new ETF in two years and is found to track stocks of discovery and innovation companies in the space industry, the fund has raised more than $600 million since its launch.

Earlier this summer, satellite launch services company Astra Space began trading on Nasdaq after merging with special-purpose acquirer Holicity.  

Other entities such as rocket launch company Rocket Lab USA and space infrastructure provider Redwire have also announced plans to list on the stock exchange.  All of this is strengthening retail investors’ trust in the stargazing industry.

Like many Americans, Greenfield was initially actively investing through the Robinhood trading platform last year during the Covid-19 pandemic.  But the difference is that he made his first move on the stock market while immersed in the HBO sci-fi series "Westworld" and wondered what it would take to build a robot.

That eventually led him to the space industry.  In January, he poured 500 USD into the Procure Space ETF (UFO).  This $120 million ETF tracks shares of companies whose revenue comes from space-related industries.  At the time of the market drop, Greenfield invested another $150.  He continued to pour 500 USD into ARKX fund right after this fund launched and as of this summer, his total investment in this fund has reached about 1,000 USD.

Greenfield knows that investing in the space industry is a long and risky journey.  But the screenwriter hopes new technologies will push the field further.  He is particularly optimistic about 3D printing technology in space, which could significantly reduce the cost of transporting the goods needed to build habitats for humans on other planets.

There's still a long way to go, but some financial advisors also believe in the potential of the space industry.

It is said that getting into an emerging sector early can boost the returns of an overall portfolio.  There is room for growth as certain technologies, such as artificial intelligence, robotics, 3D printing and sensor chips, appear to be driving trends that could make space travel more profitable.  

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Financial advisors also warn that the universe is an emerging sector with a high potential for volatility and failure. Virgin Galactic Holdings' stock price, for example, has been steadily falling since founder Richard Branson's spaceflight, wiping out what it's gained since early June.  Space ETFs also withdrew capital in the past two months.

In fact, investors also disagree on the stocks that make up a space fund.  For example, some were surprised to see that the ARKX fund included shares of Netflix, Amazon, Alphabet and even Deere & Co., the major American agricultural tractor manufacturer.

According to Todd Rosenbluth, director of ETF research at CFRA, there are many ways to run a strategy that involves space and space exploration.  ARK's strategy offers a broader perspective on how companies can benefit from the industry. 

For example, John Deere, a brand owned by Deere & Co.  This company's tractor product will not be launching into space any time soon.  However, the company has been working with NASA's Jet Propulsion Laboratory to develop self-driving tractor technology.  Deere is also investing steadily in GPS and drones, which could have applications in space.

The space industry could be worth $1.4 trillion by 2030

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