Text size
SpaceX is back in the news, creating hope for aspiring astronauts with a test of part of its Starship system, meant to eventually take crews to the moon, to Mars, and beyond.
The trial liftoff and landing also has the potential to fuel investors dreams of finding the next big thing. Space investing and the low-earth-orbit economy are still in the early stages of development.
In April, NASA selected SpaceXalong with two other teamsto develop landing vehicles for the 2024 Artemis moon missions. SpaceX is developing a reusable systemnamed Starshipthat integrates a powerful rocket and lander. Tuesdays test was an early milestone in Starships development.
During the test, part of the craft lifted off, rose 150 meters, and landed safely. It was another feather in the cap of SpaceX, whose 2020 achievements have been, frankly, breathtaking.
This past Sunday, the company completed a two-month mission qualifying it to ferry astronauts to and from the International Space Station. Its also delivered many satellites to low earth orbit, which will enable the company to eventually offer high-speed, space-based internet access to earthlings.
SpaceX is no small player. The company is valued at $30 to $40 billion in private markets, but some people see the potential for much more.
Morgan Stanley analyst Adam Jonas for starters thinks the company, headed by Tesla (TSLA) CEO Elon Musk, could be worth up to $150 billion, although that value is mainly dependent on a successful internet business. He doesnt have much value assigned to deep space exploration.
Our views around deep space exploration are largely qualitative at this point, wrote Jonas in a July research report.
There arent a lot of business opportunities in deep space yet, but that is changing. There was the Starship test. NASA is also spending money. Aerojet Rocketdyne (AJRD), for instance, makes the rocket engines for the huge NASA space launch systemor SLSwhich is the backbone of the agencys plans for deep space exploration. SLS will be the most powerful rocket NASA has built.
The SLS is slated to launch for the first time in late 2021. Early missions will deliver cargoes to the moon. Space craft traveling that far have to be accelerated to 24,500 miles an hour to break out of low earth orbit.
Jonas, of course, doesnt cover SpaceX. He does cover the space tourism company Virgin Galactic (SPCE). He rates those shares at Buy and has a target of $24 for the stock price.
Aerojet Rocketdyne shares are down about 7% year to date, a little worse than comparable returns of the S&P 500 and Dow Jones Industrial Average. Virgin Galactic shares have soared 70%.
Tesla has done better than both, up more than 250%. There is no connection between Tesla and SpaceX beyond Musk. But Musk matters. SpaceX generates a lot of free advertising for the electric- vehicle maker, saving the car maker billions of dollars each year.
Write to Al Root at allen.root@dowjones.com
Originally posted here:
SpaceX Took a First Small Step to Mars. That's Great News for Space Investors. - Barron's
- Space | National Archives - January 5th, 2017 [January 5th, 2017]
- 50 Years of Presidential Visions for Space Exploration - January 30th, 2017 [January 30th, 2017]
- New 'Life' Trailer Brings Terrifying Thrills from Mars (Exclusive) - Space.com - February 7th, 2017 [February 7th, 2017]
- Obama gutted NASA. Here are 3 ways Trump can make space ... - Conservative Review - February 7th, 2017 [February 7th, 2017]
- Dassault Systemes sets eyes on space exploration, faster transport - Economic Times - February 7th, 2017 [February 7th, 2017]
- Cassini Captures Stunning View of Enceladus | Space Exploration ... - Sci-News.com - February 7th, 2017 [February 7th, 2017]
- Space Exploration: Astronauts' Brains Are Changed By Spaceflight, MRI-Based Study Reveals - International Business Times - February 7th, 2017 [February 7th, 2017]
- TeamIndus launches Moonshot Wheels to inspire Indian rural students about Space Exploration - International Business Times, India Edition - February 7th, 2017 [February 7th, 2017]
- Belarus invites Iran to cooperate in pharmaceutical industry, space exploration - Belarus News (BelTA) - February 8th, 2017 [February 8th, 2017]
- Cabinet briefed on India-Vietnam Framework Agreement on outer space exploration - Daily News & Analysis - February 9th, 2017 [February 9th, 2017]
- Legislation Would Require Strategic Plan for NASA Human Spaceflight - Space.com - February 9th, 2017 [February 9th, 2017]
- Trump's Vision of Space Exploration - The New American - February 10th, 2017 [February 10th, 2017]
- New NASA Leadership Inherits Rejuvenated Space Exploration Program - eNews Park Forest - February 10th, 2017 [February 10th, 2017]
- Outgoing NASA Team Leaves Its Successors With Robust Options for Space Exploration - Center For American Progress - February 11th, 2017 [February 11th, 2017]
- Space exploration brought to life for pupils - Norfolk Eastern Daily Press - February 11th, 2017 [February 11th, 2017]
- Mechs and greater space exploration are on the way in Starbound's ... - PCGamesN - February 12th, 2017 [February 12th, 2017]
- As US, Russia eye stagnant space budgets, India ramps up investment - Ars Technica - February 13th, 2017 [February 13th, 2017]
- Nuclear Reactors to Power Space Exploration - R & D Magazine - February 14th, 2017 [February 14th, 2017]
- NASA spends $2mn on 'advanced life support tech' for deep space travel - RT - February 15th, 2017 [February 15th, 2017]
- Space Exploration: Could A Habitable Planet Feature A Habitable Moon? - Forbes - February 16th, 2017 [February 16th, 2017]
- Turkmenistan Aims High as It Pledges Space Exploration - EurasiaNet - February 17th, 2017 [February 17th, 2017]
- Republicans Aim to Prioritize NASA Space Exploration Efforts Over Environmental Research - Independent Journal Review - February 18th, 2017 [February 18th, 2017]
- One huge step: Trump's plans to privatize 'low Earth orbit' and send NASA into deep space - Yahoo News - February 18th, 2017 [February 18th, 2017]
- How reusable rockets are paving the way for the next phase of space exploration - Mirror.co.uk - February 20th, 2017 [February 20th, 2017]
- NASA Funds 2 New Research Institutes to Help Humanity Explore Deep Space - Space.com - February 21st, 2017 [February 21st, 2017]
- Space Startups Are Booming in the Mojave Desert - Fortune - February 21st, 2017 [February 21st, 2017]
- Sen. Nelson Talks Space Exploration At Florida A&M University ... - WFSU - February 22nd, 2017 [February 22nd, 2017]
- DELINGPOLE: NASA to Stop Shilling for Big Green, Restart Exploring Space - Breitbart News - February 23rd, 2017 [February 23rd, 2017]
- Nuclear reactors to power space exploration - Los Alamos Monitor - February 23rd, 2017 [February 23rd, 2017]
- Space exploration programs must continue - The Eagle - February 23rd, 2017 [February 23rd, 2017]
- Editorial: Exploration can help us understand this planet - Loveland Reporter-Herald - February 24th, 2017 [February 24th, 2017]
- NASA selects new technologies for flight tests for future space exploration - Space Daily - February 24th, 2017 [February 24th, 2017]
- Why Does NASA Suddenly Want Humans On New Spacecraft's First Flight? - Vocativ - February 24th, 2017 [February 24th, 2017]
- NASA seeks university-level solutions for deep space human exploration challenges - Pulse Headlines - February 24th, 2017 [February 24th, 2017]
- Should Humans Leave Space Exploration To Robots? - Forbes - February 24th, 2017 [February 24th, 2017]
- Space Exploration - WGN Radio - February 25th, 2017 [February 25th, 2017]
- EDITORIAL: Jumping at space travel - Indiana Daily Student - February 27th, 2017 [February 27th, 2017]
- Why the 'ultimate wearables' lie in the future of space exploration - Wareable - February 28th, 2017 [February 28th, 2017]
- How to improve SA's space program - News24 - March 1st, 2017 [March 1st, 2017]
- Darlington power plant helps fuel NASA's space exploration - CTV News - March 1st, 2017 [March 1st, 2017]
- Donald Trump Will Call For a Return of Human Space Exploration - Inverse - March 1st, 2017 [March 1st, 2017]
- What Donald Trump Said About Space Travel During His Speech - Heavy.com - March 2nd, 2017 [March 2nd, 2017]
- Trump's call for human space exploration is hugely wasteful and pointless - Los Angeles Times - March 2nd, 2017 [March 2nd, 2017]
- What is the fascination with space exploration? - Grand Valley Lanthorn - March 2nd, 2017 [March 2nd, 2017]
- Teachers attend space exploration conference, bring back lessons out of this world - Arlington Times - March 4th, 2017 [March 4th, 2017]
- Reader applauds space exploration pioneers - Fairfaxtimes.com - March 4th, 2017 [March 4th, 2017]
- Jeff Bezos Expected to Unveil Further Plans for Private Space Exploration - Wall Street Journal (subscription) - March 6th, 2017 [March 6th, 2017]
- Your Cheat-Sheet Guide to the New Space Race - Slate Magazine - March 7th, 2017 [March 7th, 2017]
- Amazon chief to announce new space exploration plans - RT - March 7th, 2017 [March 7th, 2017]
- Amazon Chief Bezos Expected to Unveil Further Private Space Exploration Plans - Fox Business - March 7th, 2017 [March 7th, 2017]
- If India or China Beats the US to Mars, It Will Feel Like a Military Defeat - Slate Magazine - March 8th, 2017 [March 8th, 2017]
- When We Explore Space, We Go Together - Slate Magazine - March 8th, 2017 [March 8th, 2017]
- How Barack Obama ruined NASA space exploration - The Hill (blog) - March 9th, 2017 [March 9th, 2017]
- Future Tense Newsletter: Space Exploration Isn't Just About Scientific Discovery - Slate Magazine (blog) - March 9th, 2017 [March 9th, 2017]
- NASA Funds 133 Projects to Aid Deep Space Exploration - PC Magazine - March 9th, 2017 [March 9th, 2017]
- A Trinity professor will play a big role in space exploration - thejournal.ie - March 11th, 2017 [March 11th, 2017]
- Congress Passes Space Exploration Act, Targets Mars - America Now - March 11th, 2017 [March 11th, 2017]
- Russia Aims to Develop New Cooperation in Space Exploration - Sputnik International - April 8th, 2017 [April 8th, 2017]
- NASA Announces 2017 'Chroniclers,' Recognizing Those Who ... - SpaceCoastDaily.com - April 8th, 2017 [April 8th, 2017]
- The Pros And Cons Of Privatizing Space Exploration - Forbes - April 8th, 2017 [April 8th, 2017]
- Space Exploration Experts Look to Next Frontiers at Event - UMass Lowell - April 8th, 2017 [April 8th, 2017]
- CNSA boss outlines China's space exploration agenda - SpaceNews - SpaceNews - April 8th, 2017 [April 8th, 2017]
- These Are the Wildly Advanced Space Exploration Concepts Being ... - Gizmodo - April 8th, 2017 [April 8th, 2017]
- Cyprus Space Exploration Organisation - Wikipedia - April 8th, 2017 [April 8th, 2017]
- A Brief History of Space Exploration - The Aerospace Corporation - April 8th, 2017 [April 8th, 2017]
- Americans Like Spending Money on Space Exploration, Survey Finds - Inverse - June 6th, 2017 [June 6th, 2017]
- Launch of India's biggest rocket is a defining moment in space exploration - DailyO - June 6th, 2017 [June 6th, 2017]
- Space Matter: The Trouble with Spacesuits :: Science :: Features ... - Paste Magazine - June 6th, 2017 [June 6th, 2017]
- China willing to cooperate in peaceful space exploration: Xi - Space Daily - June 6th, 2017 [June 6th, 2017]
- Pence reiterates plans to reestablish the National Space Council - SpaceNews - June 7th, 2017 [June 7th, 2017]
- Space Exploration: Can Private Companies Operate in Space? - Law Street Media (blog) - June 7th, 2017 [June 7th, 2017]
- Space Exploration Game 'Outreach' Receives First Gameplay Trailer ... - Hardcore Gamer - June 7th, 2017 [June 7th, 2017]
- Will Space Exploration lead us to a Global Space Agency - Space Daily - June 7th, 2017 [June 7th, 2017]
- The Origami of Space Exploration - Scientific American (blog) - June 7th, 2017 [June 7th, 2017]
- Ocean vs Space: Exploration and the Quest to Inspire the Public - Marine Technology News - June 8th, 2017 [June 8th, 2017]
- A 3D-printed rocket engine just launched a new era of space exploration - The Independent - June 8th, 2017 [June 8th, 2017]
- Belarus' drive for peaceful space exploration underlined - Belarus News (BelTA) - June 8th, 2017 [June 8th, 2017]
- Here's why you should pay close attention to India's space program - Mashable - June 9th, 2017 [June 9th, 2017]
- China to provide more opportunities to private companies for space exploration - Space Daily - June 9th, 2017 [June 9th, 2017]
- Space exploration: The solutions to land scarcity - Real Estate Weekly - June 10th, 2017 [June 10th, 2017]