Space, the next frontier - in investments

A SpaceX Falcon 9 rocket on a cargo resupply mission to the International Space Station on June 29. Space is a more than US$350 billion (S$477.8 billion) economy, a Morgan Stanley note says, but the industry has room to expand to US$1.1 trillion by 2
A SpaceX Falcon 9 rocket on a cargo resupply mission to the International Space Station on June 29. Space is a more than US$350 billion (S$477.8 billion) economy, a Morgan Stanley note says, but the industry has room to expand to US$1.1 trillion by 2040. PHOTO: REUTERS
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NEW YORK • If you know nothing about what's happening high up above the clouds, maybe you should.

While investors prefer sectors with nearer-term benefits, space is an area Morgan Stanley anticipates will see "significant development".

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A version of this article appeared in the print edition of The Sunday Times on August 26, 2018, with the headline Space, the next frontier - in investments. Subscribe