On Sunday, my friends and I excitedly texted each other about the historic moment about to unfold... Richard Branson, the founder of Virgin Galactic (NYSE: SPCE), was heading to space. It was another giant leap for an industry that'll see meteoric growth over the next decade. And it's something we've been talking about in Profit Trends for quite some time. If you haven't yet acted on the opportunities ahead for the commercial space industry, just know that Branson's flight was only the beginning. One Giant Leap..."I'm not taking that trip [to Mars] until Elon Musk sends his mother and brings her back alive. Then I'm good..." That's what astrophysicist Neil deGrasse Tyson - the man who demoted Pluto himself - wrote during a Reddit "Ask Me Anything" session back in April 2017. Tyson's point was that being an astronaut - professional or amateur - is dangerous. It requires brave individuals to actually sail off the edge of Earth. Over the past decade and a half, the space industry has been privatized. The world's governments are unable or unwilling to spend the fortunes needed to send humans to the stars. So that void has been filled by entrepreneurs. And we've witnessed the ascension of billionaire space barons, like Branson, Jeff Bezos and Musk, to name a few. Some innovative minds, like Musk, dream of seeding the solar system and beyond with humans. They have an Expanse-like sci-fi fantasy of colonizing Mars. But others have their sights set on somewhere a little closer to home... for now. For instance, at the end of June, Virgin Galactic became the first company to receive a license from the Federal Aviation Administration to send customers to space. It is now officially the world's first "spaceline." Now two of those billionaire space barons are putting their money where their mouths are. On Sunday, a week before his 71st birthday, Branson took flight in his own ship to suborbital space. Next, Amazon's (Nasdaq: AMZN) founder and former CEO, Bezos, will launch into space on July 20 aboard his Blue Origin's New Shepard vehicle. This truly illustrates that we've entered a new era for the commercial space industry. And with it comes the excitement that space travel not only may soon be attainable for everyone (albeit only the wealthiest of elites at first) but also could be a huge opportunity for investors to profit. |
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