Space is likely to become a trillion dollar industry by 2040 propelled by growth across the satellite industry. We see a surge of new applications and industries that will begin to materialize in the latter part of the decade enabled by lower satellite launch costs and leaps in technology. As space investment shifts from governments to long-term investors, we see areas such as space-based solar power, Moon/asteroid mining, space logistics/cargo, space tourism, inter-city rocket travel and microgravity R&D and construction becoming reality.
Learn more in the Citi GPS report Space: The Dawn of a New Age.
