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Space tourism could be a $ 4 billion market by 2030, according to UBS

As the space tourism sector heats up, a Wall Street bank estimates the industry could cost billions of dollars over the next decade and offers several stocks that could benefit from it.

A group of UBS analysts led by Jarrod Castle estimates that space tourism could be a $ 4 billion market by 2030. They predict that the larger space economy could reach more than $ 900 billion by the same year.

The company’s call comes after Blue Origin founder Jeff Bezos flew into space on Tuesday aboard the company’s first space flight. He said the company was approaching $ 100 million in sales on future space travel. Virgin Galactic founder and fellow billionaire Sir Richard Branson had traveled in space nine days earlier on a test flight with his company.

Space tourism remains a relatively small but highly visible subgroup of the larger space ecosystem. The development of space tourism and the resulting revenues support the development of the space ecosystem and the democratization of space.

Virgin Galactic – which UBS calls the “child of space tourism” – currently remains the only publicly traded company. Private space tourism companies include Elon Musk’s SpaceX, Blue Origin, Axiom Space and Space Adventures.

There is greater private capital and investor interest in the space ecosystem with a number of space-related enterprises and new forms of airlines coming or planning to enter the market, as well as funds for private investment and private funding circles.

UBS, meanwhile, is highlighting several single-stock options to play the broad space theme, including aerospace companies Boeing and Lockheed Martin.

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 Junior Trader Desislava Dimitrova

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