A Space of Our Own

Progress is made every year in the space industry. A race for the skies has been underway for a long time. 2021 smashed records for money invested in start-up space companies at a whopping $15.4 billion. Compare that to the $6 billion invested between 2000 and 2014.

In 2018, communications activities were roughly 26% of the total space economy whereas projections today put that at 50% by 2040. Satelites and the infrastructure required for our cell phones and internet and streaming is all in space. Roughly 33 launches to space occur annually and with the growing space industry itself, that is likely to increase. Interestingly enough, the space industry will become an industry that will grow due to its own needs. The needs of the expanding space industry will feed the expansion of the growing space industry.

“Trees go wandering forth in all directions with every wind, going and coming like ourselves, traveling with us around the sun two million miles a day, and through space heaven knows how fast and far!.”

John Muir

As we’ve covered in a few of the Emergent blogs, asteroid mining will provide the earth with high-quality, pure minerals such as nickel, iron, cobalt, water, nitrogen, hydrogen, and ammonia that will not need to be refined, providing the materials and metals that are required to fuel the expansion into space. The market value for mining, in the meantime, continues to expand as the $712 million worth of value worldwide in 2017 is projected to balloon to $3.9 billion by 2025.

Space is a big industry with big ambitions, with venture capital firms investing more in space start-ups than in any other investment type. Expanding into space is something that will become as commonplace as being in the US domestic market in the future. Advisors will consider it as important and vital an industry as tech is today.
Don’t forget to catch the Emergent team on Today y Mañana every Thursday at 10:15 am on the iLoveCville network!