British billionaire Richard Branson traveled to the edge of space on Sunday, about 55 miles above Earth. Next week, Amazon (AMZN) founder Jeff Bezos is expected to fly into space aboard a rocket from his space company Blue Origin.
Unlike Virgin Galactic’s SpaceShipTwo, Blue Origin’s New Shepard is a vertical-landing and lift-off rocket, which will take Bezos over 100 km above sea level, beyond the Kármán Line that some organizations define. like the edge of space. However, Richard Branson is officially an astronaut according to NASA’s definition of space that begins 50 miles above the Earth’s surface.
These billionaire space flights are expected to boost demand for space tourism. More than 1,600 people have already made deposits to Virgin Galactic (SPCE), by FT. Elon Musk, founder of Tesla (TSLA) and SpaceX, is one of them. Virgin plans to launch commercial space flights next year and increase to around 400 flights per year.
Virgin shares plunged yesterday after the company announced plans to raise up to $ 500 million for its fleet of spacecraft, but are still up more than 70% this year.
The global space industry could generate revenues of $ 1.1 trillion or more in 2040, according to Morgan Stanley, mainly from lower launch costs and the growing use of satellite navigation.
Cathie Wood’s ARK Space Exploration and Innovation ETF (ARKX) is one of the most successful launches of 2021. The Procure Space ETF (UFO) is the first purely spatial ETF. The SPDR S&P Kensho Final Frontiers ETF (ROKT) owns companies associated with the exploration of outer space and deep waters.
To learn more about these ETFs, please watch the short video above.
Bitcoin, like the internet itself, could change everything
Blockchain and cryptocurrency have sparked one of the most exciting talking points in a generation. Some call it “the internet of money” and predict that it could change the way money works forever. If this is true, it could do to banks what Netflix did to Blockbuster and Amazon to Sears. Experts agree that we are in the early stages of this technology and as it develops it will create several investment opportunities.
Zacks just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and other cryptocurrencies with much less volatility than buying them directly.
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