Best Space Stocks to Watch in 2021
The space industry is expected to reach a trillion-dollar valuation over the next decade, driven by declining production costs and disruptive technology inventions. Rising government spending and increased public interest should significantly accelerate this industry growth, as major economies around the world are currently racing to establish themselves as pioneers in space exploration. Morgan Stanley expects revenues from the space industry to cross the one trillion mark by 2040, registering a CAGR of 185.7%. Bank of America, on the other hand, estimates the market valuation to grow 230% to reach $1.40 trillion by 2030.