Prediction: Buying This Space Economy Stock Could Help Set You Up for Life
Investing in space is no longer a dream or science fiction, but a trillion-dollar opportunity.
Overview
The space economy has become a reality. According to Morgan Stanley, the global space industry could exceed $1 trillion in value by 2040. Given the vast potential for space infrastructure, that growth could continue for decades to come. Space Exploration Technologies, or SpaceX, recently went public in a blockbuster IPO, but it's already worth over $2 trillion.
Don't let SpaceX's hype distract you from Rocket Lab Corporation (NASDAQ: RKLB) as a potential winner. The emerging SpaceX competitor is doing many things right and just made a very promising acquisition that could boost its growth prospects. I don't think it's a stretch to predict that Rocket Lab stock could help set investors up for life with its returns over the next few decades.
Details
The company broke into the rocket launch services market with its Electron rocket, which is capable of putting small satellites into orbit. Rocket Lab is in the late stages of developing Neutron, its next launch platform. Neutron is a reusable rocket capable of larger payloads, putting it in direct competition with SpaceX's Falcon 9, the current industry leader.
Source
Originally published at www.fool.com.