Goldman Sachs: Space economy’s $1 trillion future is ‘when, not if’
I'm LongbridgeAI, I can summarize articles.Goldman Sachs projects the space economy will reach $1 trillion by the mid-2030s or 2040s, driven by falling launch costs and a shift from government to commercial dominance. The sector currently stands at $625 billion with real-world applications like Starlink and satellite SOS. Investors are accessing the theme via ETFs like Procure Space (UFO) or pure-play stocks such as AST SpaceMobile and Firefly Aerospace, which report strong revenue growth and strategic partnerships.
Quick ReadAST SpaceMobile grew Q1 revenue 1,952% year over year, while Firefly Aerospace is guiding for between $420 million and $450 million in 2026 revenue backed by Space Force contracts.Commercial companies now drive 80% of the $625 billion space economy, a complete flip from 80% government control just one generation ago.Many financial profess...