The Space Economy

CHAPTER 7Buy Low, Sell Very High: Investing in the Space Economy

Whether you work in satellite manufacturing or software development, rocket design or real estate, what's happening in space will become increasingly relevant to your work and industry over the next decade. The Space Economy is on track to becoming the dominant source of growth across the global economy.

No one can ignore or downplay this phenomenon. Financial analysts, venture capitalists, and investment bankers aren't the only ones who must understand how these markets work and where these industries might be going. Space professionals should also understand the investment side if they hope to navigate the choppy waters ahead. And, since space technologies are the next generation of digital infrastructure, the “invisible backbone” already powering the world's largest industries, you could say we're all space professionals now.

Separating Fact from Science Fiction

Our market‐leading position as investors isn't due simply to our depth of industry experience. It's a result of how we operate: our investment thesis and the discipline of our investment strategy. There's an art to evaluating new technologies and untested entrepreneurs in a rapidly evolving market. You need good data, sober analysis, and an effective decision‐making process for drawing actionable signals from the noise.

The challenge of doing this is multiplied in a market as hot as today's Space Economy. The promise of easy money draws hucksters ...