2019 is the year of space: Morgan Stanley

Morgan Stanley believes SpaceX and Blue Origin are the most relevant players in the burgeoning space industry

A SpaceX Falcon 9 rocket lifts off (AP)

A SpaceX Falcon 9 rocket lifts off (AP)

TAIPEI (Taiwan News) – Morgan Stanley has predicted 2019 to be “the year for space,” and highlighted the ventures by SpaceX and Blue Origin to further their ambitions in outer space.

The multinational financial services company urged clients to pay attention to space-related companies last November, and even hosted a “space summit” in New York City in December that was attended by private and public space firms and investors, reported CNBC.

As part of NASA’s Commercial Crew Program, SpaceX’s Crew Dragon capsule is being prepared for its first demonstration flight slated to take place as early as the end of this month, making the company the first to send U.S. astronauts from U.S. soil since 2011, wrote Spaceflight Insider.

Other feats accomplished by Elon Musk’s SpaceX in 2018 included the launch of the Falcon Heavy rocket, the experiments of broadband satellite prototypes, and more, said CNBC.

Jeff Bezos' Blue Origin, on the other hand, secured an engine deal with United Launch Alliance in September 2018 which will see the company supply its next-generation engines for the massive rocket being developed by ULA. Blue Origin has also entered the final phase for its plan to send humans to space on its reusable New Shepard rocket, the reported added.

A number of budding space companies have also been spotlighted as having investment prospects, including Vector and Virgin Orbit. Overall, the space economy is set to be worth more than $1 trillion in 2040, according to estimates by Morgan Stanley.