We are in the early stages of a quiet revolution that has bypassed many investors. It is akin to the original space race of the 1960s and early 1970s, just without the media frenzy. This time, rather than world powers vying for space supremacy, it’s corporations looking to be the first to profit from space industry and travel. The public’s excitement regarding space exploration and exploitation is at a shallow level, but opportunities exist for farseeing investors to snap up stocks of emerging space-age companies. The leading investors on Earth are already heavily invested in space technology. The most notable,… Read More
We are in the early stages of a quiet revolution that has bypassed many investors. It is akin to the original space race of the 1960s and early 1970s, just without the media frenzy. This time, rather than world powers vying for space supremacy, it’s corporations looking to be the first to profit from space industry and travel. The public’s excitement regarding space exploration and exploitation is at a shallow level, but opportunities exist for farseeing investors to snap up stocks of emerging space-age companies. The leading investors on Earth are already heavily invested in space technology. The most notable, and wealthiest, investor in this pace is Jeff Bezos of Amazon (Nasdaq: AMZN). He has committed to investing $1 billion per year into Blue Horizon, a space tourism and payload launch company. Paul Allen, co-founder of Microsoft, has invested in the rights to an upper atmosphere launch vehicle. Tesla founder Elon Musk has an ambitious goal to colonize Mars with his company SpaceX. Finally, Richard Branson has launched a space tourism business called Virgin Galactic. Many companies in the new space race remain in private hands. However, several public companies are starting to look very appealing to investors looking for… Read More