I had a thought. Not a good thought, but a thought nonetheless.
Bezos & Branson are currently having their own little mini-space race right now. Assuming they're successful and return alive, I wonder if this might start a trend of the global 1% all clamoring to get themselves to the great black void?
If so, I also wonder if we can expect modest growth for all the various companies and industries that go into bringing a human into space. A wild amount of contractors are involved in engineering and constructing a space vehicle--not to mention their suits, life support, and all the coordinators & logistics that would go into pulling off such an astronomically massive project (pun not intended). Each time somebody insanely rich goes into space, they inject millions of dollars into each industry involved, all the way down to foundries forging their steel and mines pulling aluminum from the ground.
I thought NASA contractors might be a good indication of which companies are involved with spaceflight. I referenced a non-comprehensive list and picked a few that I recognized:
- Aerojet Rocketdyne Holdings Inc (AJRD)
- Boeing (BA)
- Booz Allen Hamilton (BAH)
- Lockheed Martin (LMT)
- Maxar Technologies (MAXR)
- MDA Ltd. (MDA)
- Honeywell (HON)
- ITT Inc (ITT)
- Héroux-Devtek Inc (HRX, traded on TSX)
- Teledyne Technologies Inc (TDY)
- QinetiQ (QNTQY, traded OTC)
- Jacobs Engineering Group Inc (J)
- and ofc Branson's Virgin Galactic (SPCE)
Honorable mentions go to Musk's SpaceX & Bezos' Blue Origin, should they go public. I do recognize that most of these corporations are very diversified in their offerings, and may grow due to other reasons anyway.
What do y'all think? Bad play or likely growth?
Submitted July 06, 2021 at 05:29AM by PheonixStarr https://ift.tt/3jJ3vvn
