Wall Street Thinks the Space Economy Is a Buy. Here's Why I Disagree
Strong industry trends don't guarantee strong returns.
Overview
Governments are spending more on defense. Satellite launches continue setting records. Demand for broadband, Earth observation, navigation, and space-based communications continues to grow, as industry forecasts routinely project that the global space economy will surpass $1 trillion annually by 2034, up from roughly $626 billion today.
These data points all affirm that the long-term case for the space economy is solid.
Details
But a growing industry doesn't automatically make it a good investment.
Source
Originally published at www.fool.com.
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