Space Industry: At present, the space industry is worth $ 350 billion. It is expected to increase to $1.1 trillion by 2040.
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Elon Musk’s company SpaceX sent astronauts to space in May last year and thus became the first private company in the world to do so. After this success, it was said that human space travel would be a new beginning and private companies would have a big hand in it. At present, the commercial space industry is growing rapidly. Big companies are investing billions of pounds in this sector. They believe that big money can be earned from this industry.
The space industry also creates exciting opportunities for investors looking to invest for a long time. However, experts see space as an investment theme, which, like other sectors, carries risk. Most of the companies working in the space industry are private rather than public. Because of this, most of these companies are also likely to sink. Investing in space as an investment industry doesn’t just mean investing in space travel. Rather, there are many such areas in it, from which money can be made.
Investments can be made in these areas of the space industry
In the coming times, the space sector is to be commercialized on a large scale. Satellites are to be sent into space, through which access to the Internet will be ensured in those parts of the world where it is not present. Apart from this, there is also the field of artificial industry. At the same time, reusable rockets, logistics access to space and mining on asteroids are also part of the space industry. Gold, diamonds and other precious minerals are likely to be found on the asteroid. In such a situation, investing in the space industry can prove beneficial.
Space Industry to be $1.1 Trillion by 2040
The latest analysis by US investment bank Morgan Stanley suggests that the global space industry could generate revenue of $1.1 trillion annually by 2040. Presently this industry is worth $350 billion. It is estimated that the share of satellite broadband in this sector is going to be 50 percent. Internet access through satellite will increase and data prices will fall in the coming times. This is expected to increase demand. In such a situation, those who would have invested money in the space industry, they can get huge profits.
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