![]() The firm provides satellite handsets, date satellite communications, and prepaid mobile voice satellite communications.ĭespite the technology sector undergoing a bloodbath this year, Iridium Communications Inc. (NASDAQ:IRDM) is a voice and data communications services provider that is headquartered in McLean, Virginia, the United States. (NASDAQ:AMZN) in our list of top space stocks. (NYSE:MAXR) joins Lockheed Martin Corporation (NYSE:LMT), The Boeing Company (NYSE:BA), and, Inc. It owns 2.7 million shares that are worth $72 million. Out of these, Jeffrey Jacobowitz's Simcoe Capital Management is Maxar Technologies Inc. The company generated $64 billion in revenue in 2021, which marked 147% growth.īy the end of Q2 2022, 15 out of the 895 hedge funds polled by Insider Monkey had invested in the company. (NYSE:MAXR) was pivotal in letting the Ukrainian army defend its territory from the Russian invasion, as its spacecraft regularly provided images of not only troop movements, but also of the impact of Russia's actions on Ukraine's agriculture sector. The firm provides governments and companies with satellite images, satellites, robotics systems, and other systems and subsystems. (NYSE:MAXR) is an American satellite imaging company that has been in business since 1957 and is currently headquartered in Westminster, Colorado. 10 Best Space Stocks to Buy According to Hedge Funds 10. We studied the space industry to narrow down which firms are operating in it and then consulted our hedge fund survey of 895 funds to determine which stocks are on their radar. The firm estimates the sector will grow to $14 billion by the end of this year, and from then to 2029, it will continue to grow at a compounded annual growth rate (CAGR) of 12.25% to sit at an estimated $32 billion at the end of the forecast period. The research firm believes that the launch services segment was worth $13 billion in 2021. is served by a handful of companies such as SpaceX, Boeing, and Lockheed Martin, with other firms currently developing and testing their rockets. Research firm Fortune Business Insights also focuses on the space industry, and it narrows down its focus on the launch services market. In its report, the bank estimates that the cost to launch a satellite has dropped to $60 million and can potentially go even lower to sit at $5 million and that the bulk of the projected growth will come through satellite internet - particularly as launch costs drop just as the internet services themselves become profitable.īacking Morgan Stanley is Citi, who also believes that a drop in launch costs and the proliferation of satellite broadband will drive the space sector to generate the eye popping $1 trillion revenue estimate. ![]() Leading the charge with these reports is the investment bank Morgan Stanley, which estimates that the revenue generated by the global space industry can cross a whopping $1 trillion by 2040. Naturally, these advancements, combined with those in computing and manufacturing, have also led to optimistic growth figures for the industry itself. This has generated significant public interest, since watching rockets landing is a novel experience that was out of reach just a decade ago. ![]() The space industry is undoubtedly the hottest industry in public discourse these days, spurred by Space Exploration Technologies Corporation's (SpaceX) remarkable feat of landing first stage rocket boosters. If you want to skip our industry introduction and jump ahead to the top five stocks in this list, then take a look at 5 Best Space Stocks to Buy According to Hedge Funds. ![]() In this piece, we will take a look at the ten best space stocks to buy according to hedge funds. ![]()
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