Much of our research on the Strategic Space Value Chain highlights listed space companies that have considerable niche technological advantages in the space sector.
We therefore monitor and invest in these space stocks; some are also involved in aerospace, making and operating satellites, robotics, artificial intelligence, data, communications, and manufacturing space-hardened equipment.
A British spaceflight company developing commercial suborbital spacecraft for Space Tourism spaceflights and launching of space science missions.
AAC Clyde Space offers small satelite parts, spacecraft, and space as a service.
GOMSpace is a manufacturer and supplier of nanosatellites for academic, government and commercial markets. Services include systems integration, nanosatellite platforms and miniaturised radio technology.
MAXAR owns and operates a sophisticated constellation of Earth imaging satellites; five active satellites on orbit, collecting over million square kilometers of imagery each day.
OHB SE has two business divisions, Space Systems (including fully integrated spacecraft) and Aerospace + Industrial Products.
SES S.A. is a satellite and terrestrial network provider supplying video and data connectivity worldwide; to broadcasters, internet service providers, mobile and fixed network operators, governments, and institutions.
Intelsat operates a fleet of approximately 50 satellites plus teleports, that provides the world’s most extensive and secure communications network.
Intelsat is currently undergoing debt-restructuring.
AST is positioning itself as a 5G from space (low earth orbit) company, and is part space and telecommunications. They plan to first launch 20 satellites in equatorial regions targeting 1.6 billion people, and then launch 168 global satellites for the European and North American markets.
Astra Space is a start-up currently focussed on developing a small satellite-delivering, portable launch system, that can launch from anywhere in the world within 24 hours.
BlackSky has plans to build a small constellation of 30 imaging satellites in Low Earth Orbit. The goal is to be able to capture images of anywhere on Earth, every 30 minutes.
Redwire is integrated in existing space infrastructure, they provides robotics, antennas, sensors, camera systems, and satellites to both commercial and government clients.
Rocket Lab is currently the second most frequently used orbital rocket company in the U.S., following SpaceX. Rocket Lab has so far deployed over 100 satellites for private and government customers, and has missions booked for trips to the Moon in 2021, Mars in 2024 and Venus in 2023.
Spire Global is a space-based data and analytics thanks to their constellation of over 100 satellites, 150 customers, and currently processing five terabytes of data per day. Their focus is to pioneer a space-as-a-service business model.
Viring Galactic is the high profile Space Tourism Stock that is yet to fly space tourists on sub-orbital missions.
Space was built on aerospace, and now space companies are making rapid progress with new business models, products and services, that are far apart and above from traditional aerospace.
In order to invest in space technology advances, our space stocks portfolio and scope of coverage, can include some aerospace stocks with a large, growing, or revolutionary space business unit.
Demand for shares in tradeable space companies has risen thanks to Virgin Galactic's listing, and many retail investors anticipate a SpaceX IPO. However, as with any newly listed company, establishing a benchmark for a realistic valuation takes time and research.
As with any stock, understanding the fundamentals is key; space is an emerging market, yet we have to contend with conflicting, complimentary, or competing cycles of markets and alternative asset classes.
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‣ Satellites; Makers, Owners and Operators. Satellite communications is infrastructure. Many of these public companies are traded and analysed by reliable independent brokers, e.g. from investment banks.
‣ Large Aerospace Companies; where the market capitalization is over US$500m. Risk analysis is easier thanks to independent analyst reports.
‣ Small-Medium Aerospace Companies; where the market capitalization is under US$500m.
‣ Space Technology; companies that are part of the space industry providing up and downstream components and services, and are integrated with nations’ space programs.
‣ Space 2.0; Companies, that are actively developing space-related products and services in the areas of Downstream Satellite Data, Robotic applications in space, and Energy applications (e.g. capture, storage) in space.
‣ Space Company IPOs: When would SpaceX IPO, and can Amazon, Google or Facebook spin-off their new space ventures via IPOs? What new small companies will IPO to unlock new capital sources?
‣ External Research; Investment Banks and Funds release research on space related equities as part of their ongoing coverage.
Morgan Stanley recently listed their idea of 20 space stocks that will lead to a trillion dollar market.
Our strategy for investing in space is based on:
‣ Technology for space comes up from aerospace, but also filters down to everyday commercial use.
‣ Companies that are upstream in terms of technology development, and can profit from downstream uses of their technology into B2C, B2B, NGPO and B2G markets, are of high value.
‣ Valuations: What is the market potential of niche products and niche markets like Orbital Space Tourism, Micro-Satellites, Global Broadband, and who is in the position to be number one in their respective field?
‣ Risk Analysis: As space is a new frontier fraught with risk, risk management will have to be altered to different types of space use.
‣ Larger space related stocks are now at a point of low volatility: Satellite launches are more successful, technology is more reliable, and the risk profiling easier thanks to a decent run of previous and reliable data.
‣ The Macro environment: What is the impact of external factors, like geo-political and adverse financial events?
Since 2009, Space Ventures Investors has monitored selected space related stocks.
The goal is all about minimising risk in space investing.
We actively monitor 50+ space stocks to include in our portfolio of space investments.
Our research includes analysing which aerospace and space companies are active in keeping up with the latest space race.
Listed below are some of the largest space related companies.
We look forward to hearing from you.
Simon Drake - Co-Founder and Managing Director
Space Stocks as a sector are split into many various sub-sectors, so it is important to do your own research on the types of equities in the space sector and what role they fulfill.
Recent Space IPOs includes two small satellite focussed companies GOM Space and Kleos.
Eutelsat was founded in 1977, is a French satellite provider, offering coverage across Europe, the Middle East, Africa, India and major swathes of Asia and the Americas. Eutelsat has 39 satellites located in geosynchronous orbit, and by revenue is one of the world's three leading satellite operators.
Loral Space Communications operates a satellite manufacturing company Space Systems/Loral and has an investment in Telesat Canada in partnership with the Public Pension Investment Board of Canada. Loral also participates in various international and domestic joint ventures, including an ownership stake in XTAR, which is a commercial satellite operator providing services in X band frequency range; the communications preferred by the military, diplomat communications, plus humanitarian and emergency disaster response operations. Reading through Loral’s corporate history you’ll find a bit of suspense and volatility, yet it is involved in space and offers a hedge in the space sector.
China SpaceSat Co is not the most transparent but does offer access to investing in the Chinese Space Industry.
Electro Optic Systems is developing (on from its other activities) a space debris tracking system in partnership with Lockheed Martin
Inmarsat was delisted, was founded in 1979 and is the owner and operator of a global satellite network, it can offer mobile and fixed communications services for maritime, enterprises, governments and aviation industry clients.
End Note: We are looking forward to, but not expecing, a SpaceX IPO, although this would in many ways see how investing in space exploration is rated by private investors and the large brokerages. SpaceX is a private company and will remain so until it is probably launching regular missions.
Not surprisingly, there are many broad space stocks (see the links below) that focus on companies that are more Aerospace then just Space.
Our goal at Space Ventures Investors is to find the pure-space stocks.
Investors.com –
Cheaper launches and satellites make the final frontier more accessible than ever thanks to tech billionaires.
USA Today – Profit from Space Stocks
CNBC – You don't have to be Elon Musk to invest in space
Money Morning – Investing in Space Stocks: The Final Money-Making Frontier
The Street - 3 Space Industry Stocks That Are Delivering Astronomical Returns
