Space truly is the final frontier for many investors. Increasingly, NASA and other government agencies are turning to private sector companies for help with things such as launching satellites and ferrying supplies to the International Space Station and building a lunar space station. Investors would be wise to consider the best space stocks to buy now.
Investment bank Morgan Stanley has issued a report called “Space: Investing in the Final Frontier.” In it, the bank forecasts that the global space industry could generate annual revenue of more than $1 trillion by 2040. That’s a lot of money for an emerging and highly technical sector.
The momentum found in commercial space companies shows no signs of slowing anytime soon. Here are three promising space stocks to buy now before they soar.
This post originally appeared at InvestorPlace.