The revenue generated by the global space industry may increase to more than $1 trillion by 2040. It’s been nearly half a century since humans left footprints on the moon. During that time, human space exploration haslargely centred on manned low-Earth orbit missions and unmanned scientific exploration. But now, high levels of private funding, technological advances and growing public-sector interest are renewing the call to look toward the stars. Investing in outer space projects has gained significant attention in recent years due to technological advancements, the potential for commercialization, and the growing interest of private and public entities. These projects encompass various activities, including satellite deployment, space exploration, space tourism, and the development of spacebased technologies.

The Global Space Economy

In the near term, space as an investment theme is also likely to impact many industries beyond Aerospace and defence, such as IT Hardware and Telecom sectors. The global space industry could generate revenue of more than $1 trillion or more in 2040, up from $350 billion currently. Yet, the most significant short- and medium-term opportunities may come from satellite broadband Internet access.

In the investment sector, AI and other digital technologies are ushering in the next horizon of performance differentiation.

The broad-based adoption of digital technologies has emerged as one of the most influential and disruptive forces in the industry over the past decade, driving a fourth industrial revolution in which entire sectors are being reshaped and business processes transformed. We believe a window of opportunity exists for investors to build both the foundational and advanced technological capabilities they need to be on the winning side. Now is the time to act.