“Some people don’t like change, but you need to embrace change if the alternative is disaster” – Elon Musk
Wall Street is declaring Space as the next trillion-dollar industry. Billionaire entrepreneurs like Richard Branson, Elon Musk, and Jeff Bezos are at the forefront of human space travel. Branson’s Virgin Galactic is the first company human space travel company to go public in the stock market.
Virgin Galactic
Billionaire Richard Branson founded Virgin Galactic. The space tourism company started trading on the New York Stock Exchange in October 2019. This is the only space travel company on the market. Virgin Galactic made history as the first publicly traded commercial spaceflight company. Virgin Galactic will carry six passengers and two pilots into space. The estimated ticket price for a round trip will be $250,000.
SpaceX
SpaceX was founded by Elon Musk in 2002. This company designs manufactures and launches rockets and spacecrafts. According to Fox News, in November 2019, NASA partnered with SpaceX and other commercial space companies for a private moon lander project. The companies will deliver robotic materials to the moon. SpaceX wants to enable people to live on other planets. This company is not publicly traded.
Blue Origin
Blue Origin was founded in 2000 by Jeff Bezos. This is a private aerospace manufacturer and spaceflight service company. Blue Origin was chosen to participate in the NASA partnership along with SpaceX. Blue Origin’s vision is to have millions of people working and living in space to preserve Earth. This company is not publicly traded.
Just like anything else, the space industry has its fair share of skeptics and believers. However, it seems that space travel is inevitable and will become very popular within the next decade. Would you consider moving to a different planet?
Action
Tune in to The WEInvested Podcast every Wednesday for more finance discussions.
Follow us on Instagram, Facebook, Youtube, and Twitter: @WEInvested
