SpaceX has essentially created the modern space economy, showing what lower costs to reach orbit can enable, such as its profitable space-based broadband product, Starlink. Its growth and valuation certainly aren’t hurting the case of any of the smaller space stocks that are benefiting from the SpaceX halo.
Beyond SpaceX, there is more activity above the clouds. On Tuesday, NASA detailed its plans to build a permanent American presence on the moon, which included business awards for several companies, including Blue Origin and Firefly Aerospace.
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