Ever since Neil Armstrong became the first man to walk on the moon in 1969, nothing has captured the imagination of mankind more than the exploration of the galaxies and the search for life beyond earth. With its seemingly limitless possibilities, Space — the world beyond our globe — has been a fixture on the hearts and minds of innovators and entrepreneurs.
However, while the space industry news cycle has been dominated by the space race between Jeff Bezos and Elon Musk, and their respective space exploration companies, Blue Origin and SpaceX, it’s been the communications and satellite companies that have been leading the industry. With communication devices becoming the central point of all interactions around the globe, especially during the Covid-19 pandemic when travel has been limited, these companies — along with satellite and satellite equipment companies — and have become essential for everything, from social activities to business meetings, and everything in-between.
This trend can be seen clearly in the recently launched MVIS Global Space Industry Index (ticker: MVSPC), which tracks the largest and most liquid companies that generate at least 50% of their revenue from Space Exploration, Rockets and Propulsion Systems, Satellite Equipment and Communications Solutions, and Other Satellite Equipment. Though exploration companies have created the biggest news in the space industry, it has been the communications, satellite, and satellite-related equipment companies that have contributed the most towards MVSPC being up nearly 28% YTD and 58% over the last year (as of 10 September 2021).
MVIS Global Space Industry Index
10/09/2020-10/09/2021
Source: MV Index Solutions. All values are rebased to 1000. Data as of 10 September 2021.
About the Author:
Steven Braid is a Data and Marketing Analyst at MV Index Solutions. He is responsible for supporting the data, marketing, research, and product services. Prior to working for MVIS, Steven worked as an equity research analyst for Dane Capital Management, a special situations hedge fund, where he focused on SPACs and other forms of special situation transactions. Prior to his time in Finance, he worked as a professional journalist, publishing for the New York Times, USA Today, and other national periodicals. Steven has a M.S. in Data Analytics & Applied Research from the Baruch College Zicklin School of Business, and a BA in International Political Economy from the University of Michigan.
The article above is an opinion of the author and does not necessarily reflect the opinion of MV Index Solutions or its affiliates.