Space Is Once Again The New Frontier

Space is once again the new frontier, according to a research report Goldman Sachs sent out to clients this week.

Private sector investment is reigniting the space race. Industry barriers to entry are being broken down by falling costs and improved technologies while escalating geopolitical tensions appear to be driving the U.S. towards increased militarization of space and protection of existing assets. As a result, Goldman expects aerospace and defense companies to see accelerated growth in their space business lines while commercial satellite operators may be disrupted by lower-cost alternatives going forward.

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The scale of change that’s taken place in the space industry during the past decade alone is unprecedented. According to Goldman’s research, launches now cost 11 times less than five...