As rocket companies proliferate, new enabling tech emerges as the next wave in the space race.
Blue Origin, Rocket Lab, Relativity Space, Slingshot Aeropsace, SpaceX and Virgin Orbit have raised billions of dollars to create new vehicles to launch payloads into space, but as the private space industry develops in the U.S. investors are beginning to back enabling technologies boost the next wave of innovation.
Whether it’s satellite manufacturers, new propulsion systems for satellites, antennae for data transmission or actually building out the networks themselves, the new space race will be building the next generation of services that the increasing access to space provides.
Last year, investors put at least $2.3 billion into companies angling for their own corner of outer space.
By 2040, Morgan Stanley estimates that the space economy to be worth more than $1 trillion in 2040 — as well as for SpaceX to double, or even quintuple, its valuation — “are significantly tied to the developments related to satellite broadband.”
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