Do you want to be a spaceman?
"As the cost of space access plummets, BofAML joined Morgan Stanleyamong Wall Street investment banks bullish on the extraterrestrial industry. Both put the space market today at around $350 billion, but BofAML's outlook is nearly triple Morgan Stanley's expectation of a $1.1 trillion market by 2040.
The firm cautioned that this is a market where companies traditionally have had trouble turning profits.
"However, for investors with a truly long-term time horizon, we see it as one of the final frontiers of investing," BofAML said.
There are only five "pure play" companies — defined as having 100 percent of sales in the space business — in the firm's report. All five work with satellites, with ViaSat and Intelsat SA based in the U.S., while Inmarsat, SES and Eutelsat are based in Europe. The companies are also fairly small, with values ranging from $500 million to $9.6 billion.
"The great pleasure in life is doing what people say you cannot do."
"As the cost of space access plummets, BofAML joined Morgan Stanleyamong Wall Street investment banks bullish on the extraterrestrial industry. Both put the space market today at around $350 billion, but BofAML's outlook is nearly triple Morgan Stanley's expectation of a $1.1 trillion market by 2040.
The firm cautioned that this is a market where companies traditionally have had trouble turning profits.
"However, for investors with a truly long-term time horizon, we see it as one of the final frontiers of investing," BofAML said.
There are only five "pure play" companies — defined as having 100 percent of sales in the space business — in the firm's report. All five work with satellites, with ViaSat and Intelsat SA based in the U.S., while Inmarsat, SES and Eutelsat are based in Europe. The companies are also fairly small, with values ranging from $500 million to $9.6 billion.
"The great pleasure in life is doing what people say you cannot do."