Goldman Sachs Talks About the ‘Second Space Age’
The bank says falling launch costs and rising investment make the forecast plausible as SpaceX and other firms capture more of the value chain.
4 Articles
4 Articles
Goldman Sachs talks about the ‘Second Space Age’
Goldman Sachs talks about ‘The Second Space Age’ Investment bank Goldman Sachs’s Global Institute has issued a report which talks about The Second Space Age, and how markets, technology and power are reshaping the final frontier. The report values the space industry as being worth $1.8 trillion (€1.5trn) by 2035. The report says: “Space is […]
Goldman Sachs Says Space Economy Will Reach $1.8T by 2035: Elon Musk Predicts It'll Be 'Much Bigger'
Satellite navigation, weather forecasting, and television all run through the space economy, and Goldman Sachs now expects that economy to be worth $1.8 trillion (about £1.3 trillion) by 2035. Elon Musk, chief executive of SpaceX, read the forecast and answered in five words: 'It will be much bigger.' The projection comes from the Goldman Sachs Global Institute. Its report, The Second Space Age, by George Lee and Dan Keyserling, was published on…
SpaceX (NASDAQ: SPCX) Stock Price Surges 6% As Institutional Giants Pile In And Goldman Projects $1.8 Trillion Space Economy
SpaceX (NASDAQ: SPCX) climbed roughly 5.9% in Monday trading, reaching $148.21 with a session high of $148.67, rebounding sharply from a 52-week low of $104.83. Neocloud peers Nebius Group (NASDAQ: NBIS) and CoreWeave (NASDAQ: CRWV) slipped in morning trading before recovering, with CoreWeave up 1.2% and Nebius narrowing its losses to 0.7% by early afternoon. Goldman Sachs Global Institute’s report, “The Second Space Age,” projected the global s…
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