Potential Trillion-Dollar Space Industry Could Launch These Five Top Stocks May 16, 2023 - Baystreet.ca The space industry is on the launchpad to become a potential $1 trillion market by 2030, according to McKinsey & Company. Also, according to Deloitte, “Growth in the global space sector is creating opportunities for new players and new offerings for incumbent ones. 2022 was a record year for the space sector, with 186 successful rocket launches (41 more than in 2021)—the most ever, signaling a rapid transformation of the space sector.” All of which could prove beneficial for billionaire-run companies, like Amazon (NASDAQ: AMZN), Tesla (NASDAQ: TSLA) CEO Elon Musk’s SpaceX, Virgin Galactic (NYSE: SPCE). Even companies, like Maxar Technologies (NYSE: MAXR) (TSX: MAXR), and Maritime Launch Services Inc. (NEO: MAXQ) (OTCQB: MAXQF) are gearing up for big launches of their own. We should also note that, according to Aviation Week, “The space industry is at a critical inflection point. Affordability improvements, advances in technology, increased public/private interest, and increasing satellite data exploitation have created an urgency for industry players to reshape traditional approaches to the market.” Look at Maritime Launch Services Inc. (NEO: MAXQ) (OTCQB: MAXQF), For Example Maritime Launch Services Inc. noted that The Conference Board of Canada (CBOC) expects significant and lasting economic benefits for Nova Scotians and all Canadians as a direct result of investment and innovation in the global space sector. Specifically, the CBOC’s recently released Economic Impact Study of Maritime Launch Services’ Spaceport Nova Scotia initiative expects North America’s first commercial spaceport will benefit multiple sectors across Canada including: construction, transportation, tourism, and professional, scientific, and technical services. Spaceport Nova Scotia is currently under construction near Canso, Nova Scotia. “The report’s findings state that the construction phase of Spaceport Nova Scotia alone will generate a total economic benefit impact for the Nova Scotia economy of $143 million,” said Stephen Matier President and CEO, Maritime Launch Services, adding, “For Canada, the construction phase of Spaceport Nova Scotia will contribute $171 million to the federal GDP, while boosting federal employment with over of 1,600 year-round jobs, including nearly 750 of which would be in Nova Scotia.” Matier was quick to point out that these numbers are only related to building Spaceport Nova Scotia, and that once the spaceport is in operation and servicing the high demand global satellite industry, the numbers will literally sky-rocket. The Conference Board of Canada report findings confirm Matier’s positive outlook. Once Spaceport Nova Scotia fully ramps up its operations, the Conference Board of Canada projects it will add around $300 million to Canada’s GDP annually, boost revenue to governments by more than $100 million, and create close to 1,000 annual full-year jobs across Canada. The Canadian government has committed their support for the global space sector as they have recently made significant investments and policy decisions to facilitate Canadian space innovation to compete on the global stage. In January of this year, the Government of Canada gathered at the Canadian Space Agency to announce plans to modernize existing launch regulations to support the commercial space sector, and to make way for Canadian space sector growth including Canada’s first commercial spaceport. “We have always known there is a massive global market for commercial space launch, and Canada can lead the way while benefitting the growth of our local and national economies along with our skilled workforce and technical space sector expertise”, said Matier. “While this report is specific to the benefits of our initiative in Nova Scotia, Canadian companies in the space technology sector, such as satellite manufacturers and software developers, will also see the significant economic benefits of Spaceport Nova Scotia.” The Conference Board of Canada’s economic impact of Spaceport Nova Scotia, titled Launching Canada’s Space Sector, was released Tuesday May 16, and can be found and reviewed here. Other related developments from around the markets include: With regards to Tesla’s Elon Musk’s SpaceX, “SpaceX’s Dragon will deliver new science investigations, food, supplies, and equipment for the international crew, including the next pair of IROSAs (International Space Station Roll Out Solar Arrays). These solar panels, which roll out using stored kinetic energy, will expand the energy-production capabilities of the space station. This will be the third set launching in the SpaceX Dragon’s trunk, and once installed, will help provide a 20% to 30% increase in power for space station research and operations.” With regards to Amazon’s Executive Chairman’s Blue Origin “A new mission to Mars will be launched by Blue Origin’s yet-to-be-tested New Glenn heavy-lift rocket, NASA announced. The award is part of NASA’s Venture-Class Acquisition of Dedicated and Rideshare launch services contract, which involves 13 companies and cannot break a ceiling of $300 million. Part of an effort by NASA not to over-rely on SpaceX rockets and help encourage competition in the private spaceflight sector, NASA’s Launch Services Program (LSP) awarded Blue Origin the launch contact for the Escape and Plasma Acceleration and Dynamics Explorers (ESCAPADE) mission,” as reported by Forbes. Maxar Technologies, provider of comprehensive space solutions and secure, precise, geospatial intelligence, announced that U.S. private equity firm Advent International, alongside minority investor British Columbia Investment Management Corporation completed their acquisition of Maxar. With the closing of the transaction, Maxar will remain a U.S.-controlled, owned and operated company. On December 16, 2022, Advent and Maxar announced that they had entered into a definitive merger agreement under which all outstanding shares of Maxar common stock would be acquired for $53.00 per share in cash, valuing Maxar at approximately $6.4 billion. Virgin Galactic announced the mission specialists who will take part in the upcoming Unity 25 mission. Unity 25 is the final assessment of the full spaceflight system and astronaut experience ahead of the first commercial flight, ‘Galactic 01’, planned for late June.Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Maritime Launch Services Inc. by Maritime Launch Services Inc. We own ZERO shares Maritime Launch Services Inc. Please click here for disclaimer.Contact:Ty HofferWinning Media281.804.7972Ty@winning.media
Potential Trillion-Dollar Space Industry Could Launch These Five Top Stocks May 16, 2023 - Baystreet.ca The space industry is on the launchpad to become a potential $1 trillion market by 2030, according to McKinsey & Company. Also, according to Deloitte, “Growth in the global space sector is creating opportunities for new players and new offerings for incumbent ones. 2022 was a record year for the space sector, with 186 successful rocket launches (41 more than in 2021)—the most ever, signaling a rapid transformation of the space sector.” All of which could prove beneficial for billionaire-run companies, like Amazon (NASDAQ: AMZN), Tesla (NASDAQ: TSLA) CEO Elon Musk’s SpaceX, Virgin Galactic (NYSE: SPCE). Even companies, like Maxar Technologies (NYSE: MAXR) (TSX: MAXR), and Maritime Launch Services Inc. (NEO: MAXQ) (OTCQB: MAXQF) are gearing up for big launches of their own. We should also note that, according to Aviation Week, “The space industry is at a critical inflection point. Affordability improvements, advances in technology, increased public/private interest, and increasing satellite data exploitation have created an urgency for industry players to reshape traditional approaches to the market.” Look at Maritime Launch Services Inc. (NEO: MAXQ) (OTCQB: MAXQF), For Example Maritime Launch Services Inc. noted that The Conference Board of Canada (CBOC) expects significant and lasting economic benefits for Nova Scotians and all Canadians as a direct result of investment and innovation in the global space sector. Specifically, the CBOC’s recently released Economic Impact Study of Maritime Launch Services’ Spaceport Nova Scotia initiative expects North America’s first commercial spaceport will benefit multiple sectors across Canada including: construction, transportation, tourism, and professional, scientific, and technical services. Spaceport Nova Scotia is currently under construction near Canso, Nova Scotia. “The report’s findings state that the construction phase of Spaceport Nova Scotia alone will generate a total economic benefit impact for the Nova Scotia economy of $143 million,” said Stephen Matier President and CEO, Maritime Launch Services, adding, “For Canada, the construction phase of Spaceport Nova Scotia will contribute $171 million to the federal GDP, while boosting federal employment with over of 1,600 year-round jobs, including nearly 750 of which would be in Nova Scotia.” Matier was quick to point out that these numbers are only related to building Spaceport Nova Scotia, and that once the spaceport is in operation and servicing the high demand global satellite industry, the numbers will literally sky-rocket. The Conference Board of Canada report findings confirm Matier’s positive outlook. Once Spaceport Nova Scotia fully ramps up its operations, the Conference Board of Canada projects it will add around $300 million to Canada’s GDP annually, boost revenue to governments by more than $100 million, and create close to 1,000 annual full-year jobs across Canada. The Canadian government has committed their support for the global space sector as they have recently made significant investments and policy decisions to facilitate Canadian space innovation to compete on the global stage. In January of this year, the Government of Canada gathered at the Canadian Space Agency to announce plans to modernize existing launch regulations to support the commercial space sector, and to make way for Canadian space sector growth including Canada’s first commercial spaceport. “We have always known there is a massive global market for commercial space launch, and Canada can lead the way while benefitting the growth of our local and national economies along with our skilled workforce and technical space sector expertise”, said Matier. “While this report is specific to the benefits of our initiative in Nova Scotia, Canadian companies in the space technology sector, such as satellite manufacturers and software developers, will also see the significant economic benefits of Spaceport Nova Scotia.” The Conference Board of Canada’s economic impact of Spaceport Nova Scotia, titled Launching Canada’s Space Sector, was released Tuesday May 16, and can be found and reviewed here. Other related developments from around the markets include: With regards to Tesla’s Elon Musk’s SpaceX, “SpaceX’s Dragon will deliver new science investigations, food, supplies, and equipment for the international crew, including the next pair of IROSAs (International Space Station Roll Out Solar Arrays). These solar panels, which roll out using stored kinetic energy, will expand the energy-production capabilities of the space station. This will be the third set launching in the SpaceX Dragon’s trunk, and once installed, will help provide a 20% to 30% increase in power for space station research and operations.” With regards to Amazon’s Executive Chairman’s Blue Origin “A new mission to Mars will be launched by Blue Origin’s yet-to-be-tested New Glenn heavy-lift rocket, NASA announced. The award is part of NASA’s Venture-Class Acquisition of Dedicated and Rideshare launch services contract, which involves 13 companies and cannot break a ceiling of $300 million. Part of an effort by NASA not to over-rely on SpaceX rockets and help encourage competition in the private spaceflight sector, NASA’s Launch Services Program (LSP) awarded Blue Origin the launch contact for the Escape and Plasma Acceleration and Dynamics Explorers (ESCAPADE) mission,” as reported by Forbes. Maxar Technologies, provider of comprehensive space solutions and secure, precise, geospatial intelligence, announced that U.S. private equity firm Advent International, alongside minority investor British Columbia Investment Management Corporation completed their acquisition of Maxar. With the closing of the transaction, Maxar will remain a U.S.-controlled, owned and operated company. On December 16, 2022, Advent and Maxar announced that they had entered into a definitive merger agreement under which all outstanding shares of Maxar common stock would be acquired for $53.00 per share in cash, valuing Maxar at approximately $6.4 billion. Virgin Galactic announced the mission specialists who will take part in the upcoming Unity 25 mission. Unity 25 is the final assessment of the full spaceflight system and astronaut experience ahead of the first commercial flight, ‘Galactic 01’, planned for late June.Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Maritime Launch Services Inc. by Maritime Launch Services Inc. We own ZERO shares Maritime Launch Services Inc. Please click here for disclaimer.Contact:Ty HofferWinning Media281.804.7972Ty@winning.media