The future of space exploration lies in the hands of the free market. President Trump has not made any official promises yet to increase funding for independent agencies such as NASA. This will undoubtedly reduce innovation and slow down progress. So far, Trump has only asked NASA to add a crew to a recently planned launch. The future of innovation in space travel is bound to be through companies that are incentivized by profit. SpaceX successfully landed a cargo ship on the ISS recently. Boeing has set its sights at decreasing costs of satellites by relying more on 3-D printing. This will also make satellites much lighter in the near future.
The Boeing Company (BA)
Boeing, alongside other aerospace companies such as Lockheed Martin and SpaceX, will be imperative in the future of space exploration. With the DJIA setting streaks of growth not seen since 1987, the economy is set to continue growing under President Trump. Regulations will soon be slashed, allowing for unregulated innovation. Finally, taxes will be lowered, allowing many companies to increase their research and development budgets, as well as take on more staff. Now is a wonderful time for experimentation in certain firms, as investors are extremely confident in the market’s potential for growth. This confidence will allow many companies to take risks they haven’t been able to take in an incredibly long time. Investors in these companies will hope that these risks lead to developments throughout the aerospace industry, propelling firms into space.
Lockheed Martin Corporation (LMT)
This year has already marked itself to be an incredibly revolutionary year for space travel. The most recent rocket launch by SpaceX has proven American companies possess the ability to create cargo ships capable of getting to the International Space Station in record times. This solves one of the largest issues that companies face in long distance space travel. Ever since NASA landed a shuttle on a comet, many investors have been discussing the potential of excavating comets for resources. However, it was historically a very costly and lengthy endeavor to actually send ships onto comets. With new advances by Boeing and SpaceX, the possibility for companies to efficiently send ships to comets and beyond has now materialized. NASA estimates it will be possible to send humans to Mars during the 2030’s. So, it is not an unreasonable estimate that with the next 15 years, companies will be able to send ships to comets and beyond with the hopes of finding valuable resources and gaining wealth.
Although there is a large risk associated with space travel, the possible rewards would surely overshadow these fears. Any organization that is actually able to create revenue from space will make substantial profits. Whether it be by excavating resources or even just paid space travel, there are many ways to capitalize on the wonders of space. Ahead of humanity lies limitless possibilities for profit. The only question is, who will have the courage and ingenuity needed to seize these opportunities?
639 total views, 2 views today