Five Top Ways to Invest in a Potential $1.4 Trillion Space Boom Today

There are plenty of reasons to like the potential $1.4 trillion space boom. Sure, right now, Elon Musk’s SpaceX may be the buzziest name in private space exploration, but the Tesla (NASDAQ: TSLA) CEO isn’t the only super-rich entrepreneur with grand visions for humanity’s future beyond Earth’s atmosphere. Amazon (NASDAQ: AMZN) founder, Jeff Bezos, has his own space firm — Blue Origin. He flew on the company’s human manned flight to the edge of space in 2021, launching 62 miles above the Earth’s surface aboard its New Shepard rocket. Even Richard Branson, whose Virgin Group dabbles in everything from airlines to healthcare, launched a commercial-spaceflight company of his own called 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. In fact, on August 29th, 2022, Maritime Launch announced that the company has satisfied the conditions related to the approval and construction of the only dedicated planned commercial launch Spaceport in North America. In short, the countdown for a potential $1.4 trillion space boom is already counting down.

Look at Maritime Launch Services Inc. (NEO: MAXQ) (OTCQB: MAXQF), For Example

Maritime Launch Services Inc. and Skyrora are pleased to announce that they have signed a Letter of Intent to launch Skyrora XL from Spaceport Nova Scotia.

Maritime Launch is developing and operating Spaceport Nova Scotia, Canada’s first orbital launch complex and the first commercial spaceport in North America. Headquartered in Edinburgh with facilities located across Europe, Skyrora designs, manufactures, and deploys launch vehicles for small satellite manufacturers looking to access space.

The primary goal of this agreement is for Skyrora to supply launch vehicles for Maritime Launch satellite clients as well as to host their own satellite clients under a lease agreement.

“We are pleased about this new partnership and look forward to bringing our first international client, Skyrora, and the Skyrora XL vehicle, to Spaceport Nova Scotia in Canada” says Stephen Matier, President and CEO, Maritime Launch. “Following the company’s opening of its manufacturing facility in July and their vehicle’s recent successful second stage static hot fire test at Machrihanish Airbase in Scotland in August, we are excited to help deliver Skyrora XL’s sustainably-focused launch vehicle design and innovative third stage technology to customers on a global scale through this partnership.”

Skyrora XL is a three-stage, small class launch vehicle intended to place payloads into Sun-Synchronous Orbit (SSO) between a range of 500km and 1,000km in altitude with a maximum payload of 350 kg to LEO. The vehicle is also intended to place payloads into Polar Orbit between a range of 200km and 1,000km in altitude.

“As Skyrora's program progresses, it is great to have the option to offer more launch inclinations to Skyrora customers at Spaceport Nova Scotia. Through the LOI, we will be able to investigate all options for our potential clients.” says Skyrora Chief Operations Officer, Lee Rosen. “Since our partnership began, we have enjoyed working with the team of professionals at Maritime Launch, and we look forward to growing this exciting partnership together”.

Maritime Launch and Skyrora have signed a Letter of Intent for future launches and will move forward with negotiating a definitive agreement.

“This partnership between Skyrora and Spaceport Nova Scotia is hugely exciting and demonstrates the strength of the UK’s growing spaceflight sector and the increasing range of capabilities and expertise on offer from companies such as Skyrora.” said Matt Archer, Director of Commercial Spaceflight at the UK Space Agency. “As we soar towards the UK’s first commercial space launches, this partnership will help further the UK’s reputation as a leading spacefaring nation and attract commercial partners from around the globe to take advantage of our thriving spaceflight sector.”

As part of the agreement, Maritime Launch will purchase the vehicles and vehicle support staff from Skyrora for their satellite clients. Spaceport Nova Scotia will provide Skyrora a launch pad, ground and operations support, public safety services, regulatory approvals and mission integration facilities and staff.

Skyrora will supply the launch vehicle, mobile launch complex, and launch operations support team to Maritime Launch. At the time of launch, Skyrora plans to have a client's payload mission aboard Skyrora XL.

Other related developments from around the markets include:

Tesla Inc. reported that, “In the second quarter, we produced over 258,000 vehicles and delivered over 254,000 vehicles, despite ongoing supply chain challenges and factory shutdowns beyond our control. June 2022 was the highest vehicle production month in Tesla’s history.”

Amazon announced that it is expanding its renewable energy portfolio globally, with an additional 2.7 gigawatts (GW) of clean energy capacity across 71 new renewable energy projects. This includes the company’s first renewable energy project in South America—a solar farm in Brazil—and its first solar farms in India and Poland. Once fully operational, Amazon’s global renewable energy portfolio will generate 50,000 gigawatt hours (GWh) of clean energy, which is the equivalent amount of electricity needed to power 4.6 million U.S. homes each year.

Virgin Galactic announced its financial results for the second quarter ended June 30, 2022 and provided a business update. Michael Colglazier, Chief Executive Officer of Virgin Galactic said “As we prepare to return to the skies, we have put in place many powerful initiatives to drive our long-term success. Our agreement with Aurora to develop new motherships, selection of Phoenix as the location for our new Spaceship factory in Phoenix, and acquisition of an incredible land parcel in New Mexico for our Future Astronaut Campus are cornerstone elements of how we will build and operate our global Spaceline. While our short-term plans now call for commercial service to launch in the second quarter of 2023, progress on our future fleet continues and many of the key elements of our roadmap are now in place to scale the business in a meaningful way."

Maxar Technologies, a trusted partner and innovator in Earth Intelligence and Space Infrastructure, announced the award of an Electro-Optical Commercial Layer (EOCL) contract by the U.S. National Reconnaissance Office (NRO). EOCL, a five-year base contract with five additional years of options through 2032, represents the largest ever commercial imagery acquisition contract awarded by the NRO. Under the award agreement, Maxar will continue to provide high-resolution commercial satellite imagery in support of the U.S. defense and intelligence community and missions carried out in partnership with U.S. allies and partners.

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 a third party. We own ZERO shares of Maritime Launch Services Inc. Please click here for full disclaimer.

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