Space Race: The Top Players In A Market That Could Be Worth $1.4 Trillion By 2030

 Bank of America is out with a guide to the commercial space market and the major companies involved.

The Space Market: Bank of America’s Ronald J. Epstein believes the commercial space market will hit $1.4 trillion by 2030. Epstein cites increased defense spending, growth in satellites, space tourism and resource extraction as ways the industry can grow.

The space market was worth $414.8 billion in 2018, with government spending of $85.5 billion making up 21% of the total.

Bank of America tracks computer science vs engineering aerospace and defense companies and listed 14 of them in the report that had some exposure to the space industry.

The Pure-Play Companies: “Pure play space companies tend to be private, most aerospace and defense companies under our coverage have some exposure to the space industry,” Epstein wrote in a note.