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Space Reaches Internet Moment

March 22, 2023

2 min read

Key Takeaways

Space industry is growing rapidly.
Over 14,000 active satellites in orbit.
Companies like SpaceX provide ongoing internet service.
Global space economy worth $600 billion.

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Strategic Implications

The space industry's growth may indicate a shift towards more stable and recurring revenue streams, which could attract investors looking for long-term returns. This trend suggests that companies providing essential services like connectivity and Earth observation may become more valuable, and investors should focus on these service companies rather than single hardware projects.

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What Happened

Investors Should Focus On Service Companies

The space industry is experiencing rapid growth, with over 14,000 active satellites in orbit and companies like SpaceX providing ongoing internet service to paying customers. The global space economy is worth $600 billion today and is expected to reach $1.8 trillion by 2035, according to the Space Foundation and McKinsey & Co. This growth is driven by increasing demand for space-based services like satellite internet, GPS navigation, and secure communications. As reported by SpaceNews, investors should focus on service companies that can generate recurring income and deliver reliable services at scale.

Source

Companies Mentioned