Venture: Space Technology

The Final Frontier

Just a few years ago, I was asked to review a space fund, and I wrote it off as ridiculous. Virgin Galactic (SPCE) was 10% of the portfolio, valued in the billions, with no sales. The shares dropped 99% but I believe Branson sold at a good price.

Today, the space ETFs hold companies such as Iridium (IRDM), Echostar (SATS) and AST SpaceMobile (ASTS). These are growing businesses at the forefront of communications. You soon realise that while space may or not become a desirable holiday destination, it will certainly become increasingly important for communications. For my internet connection, I am likely to ditch BT for Starlink, and I doubt I am alone.