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The SpaceX Falcon Heavy booster rockets land at Kennedy Space Center, Florida, on February 6, 2018.
The space industry can be valued at over $350 billion yet Morgan Stanley can be telling its clients to pay attention to a market in which could grow very quickly, as the firm said This kind of expects “significant development” through space ventures.
“Some investors struggle to understand the investment significance of space,” Morgan Stanley analysts wrote in a note Friday. The firm noted in which, since This kind of predicted last October the space industry will triple in size inside coming years, investors showed “a limited degree of interest” inside more than 0 space companies Morgan Stanley can be tracking.
“This kind of relative lack of interest reminded us of our early discussions on autonomous vehicles in 2013 along with 2014,” Morgan Stanley said. “We see a similar pattern forming today with space.”
Almost every major automaker inside entire world – as well as tech giants along with ride hailing companies – can be today spending billions of dollars to develop vehicles which can drive without a human behind the wheel. yet a decade ago, only a handful of early investors were getting behind the autonomous driving movement.
As the cost of access to space plummets, Morgan Stanley anticipates the industry to follow inside steps of self-driving cars. Autonomous technology moved “through complete obscurity along with skepticism to a dominant investor theme,” the firm said in its October report.
Morgan Stanley, after speaking to former along with current U.S. military along with intelligence officials, said “space can be an area where we will see significant development.” Four key issues are driving This kind of development, according to the firm: Reusable rocket technology, an increase in wireless data demand, heavy backing through angel investors along with venture capital along which has a need to build space-based military capabilities.
Companies providing along with benefiting through internet bandwidth will see most of the upcoming value through the space industry, Morgan Stanley said in its October note.
The firm published a diversified list of stocks as Morgan Stanley’s “Space 20,” or the companies best poised to benefit through the exponential growth the firm expects. Technology along with legacy aerospace companies like Google-parent Alphabet along with Boeing feature prominently, along with perceived dark horses such as GoDaddy along with Analog Devices.