Bank of America said it expects the space industry to grow by over $1 trillion in the next decade in a new research note.
A new research note from Bank of America explains why the space economy is likely to grow by $1 trillion in the next decade. "In the United States alone, defense spending has been steadily rising for the past 15 years, and the beneficiaries are mostly publicly traded and private companies," Epstein said.
The current Secretary of Commerce, Wilbur Ross, has remained focused on the vision of the US as a world leader in space commerce, according to Epstein's note. This makes US private and public companies well situated to meet those needs. "If the company's estimates are accurate, SpaceX will be able to save as much as $20mn per Falcon 9 launch by recovering the first stage boosters and fairings," Epstein said. " If a rocket completes 10 flights over its lifetime, the company will be able to save over $196mn given current price levels."
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