[Editor’s note: “Space Stocks Will Mint Millionaires Upon Blastoff” was previously published in August 2022. It has since been updated to include the most relevant information available.]

Every decade, an emerging next-gen technology appears unexpectedly. It changes the world forever and mints millionaires out of its early backers.

In the 1990s, it was the computer. PC stocks like Microsoft (MSFT), IBM (IBM), and HP (HPQ) soared. Microsoft stock even popped almost 10,000%, turning every $10,000 investment into a million-dollar payday.

In the 2000s, it was the mobile phone. Smartphone makers like Apple (AAPL) soared 1,000% in that decade. And in the 2010s, it was the cloud. Cloud service providers like Amazon (AMZN) and Netflix (NFLX) soared thousands of percent from 2010 to ‘19.

Importantly, these technological breakthroughs and massive stock price surges happened every decade, regardless of the surrounding circumstances.

In the ‘90s, we had an oil price shock, a recession, and financial crises in both Asia and Russia. Yet Microsoft stock still rallied 10,000%.

In the 2000s, we had the dot-com crash, record-high oil prices, and the 2008 financial crisis. Yet, through it all, Apple stock popped more than 1,000%.

And in the 2010s, we had a debt crisis in Europe, a financial crisis in China, and one of the worst commodities bear markets in history. Yet Netflix stock still soared more than 4,000%.

In other words, these decade-defining technological megatrends — and the winners they produce — are unstoppable.

So… the real question for the 2020s isn’t whether inflation stays hot, if the Fed hikes or cuts rates, or what comes of the Russia-Ukraine war…

Instead, it’s this. What will be the decade-defining, unstoppable technological megatrend of the 2020s?

The answer? Space. And that means it’s time to buy space stocks.

Creating the Space Economy

Remember when all those billionaires flew into space last summer? The media started talking about how this was the beginning of a new world. And we would all replace Disneyland trips with 10-minute joyrides into the stratosphere.

Yeah. That’s not what I’m talking about when I say that space will be the defining technological megatrend of the 2020s.

Instead, I’m talking about the creation of a brand-new, multi-trillion-dollar Space Economy. We’ll make things, generate power, mine materials, and produce data in space. And in sum, we’ll create a ton of real-world value leveraging space’s unique characteristics. (Think zero gravity, unlimited sunlight, infinite room, ample resources, etc.).

Indeed, the creation of that Space Economy does start with those billionaires’ trips.

See; to Richard Branson and Jeff Bezos, those flights were bragging rights. But to the thousands of rocket scientists and engineers across the world, those flights were proof that jet propulsion technology has progressed to the point where we can safely, reliably, and cost-effectively fly non-trained professionals into space whenever we want.

In the 1960s, we were flying one highly-trained astronaut on one expensive rocket ship into space once every few months. Now we’re launching non-astronaut businessmen on multiple rocket ships on a daily basis.

That’s a big deal.

You can’t colonize and commercialize space — and create an entirely new economy — without safe, reliable transportation.

Well, folks, we’re finally at that point. For the first time in history, space is becoming accessible.

With that enormous hurdle out of the way, we can now begin colonizing and commercializing space. And that’s an effort we believe will yield multiple trillion-dollar economic opportunities.

The Trillion-Dollar Opportunity in Space Stocks

At this point, I’m sure some of you are saying: OK… so what?

So what if we can fly people and objects into outer space? What sorts of businesses can we build there that we cannot build on Earth?

Great questions. And the answers all revolve around this idea that space actually presents multiple untapped economic opportunities that are quite large.

The first — and the one everyone immediately thinks of, thanks to Branson and Bezos — is space tourism.

We do believe there’ll be an enormous market for “shuttle” companies to fly people into outer space on Disneyland-like rides. At first, such rides will be prohibitively expensive. But as launches follow the cost-decline curve shown above and space tourism companies unlock economies of scale, these costs will diminish.

By the 2030s, we believe about a dozen companies will be operating thousands of shuttles. Each will be flying a handful of folks into space on quasi-affordable 10- to 15-minute trips several times a week. Net-net, we think that by the 2030s, millions will be flying into space every single year.

Soon enough, they won’t just be flying into space. They’ll be staying in space hotels, renting apartments, etc. Now, these ancillary tourism markets are still several years away. But we do believe that within this decade, some will be able to stay in a Hilton hotel in space.

And we view this broader category of space tourism as a multi-hundred-billion-dollar industry in the making.

Emerging Space-Based Industries

Now, while exciting, tourism is likely to be one of the smaller industries in the Space Economy. The other space industries we see emerging in the 2020s include:

• Geospatial imagery. Already today, hundreds of satellites are in orbit around the Earth, capturing dynamic and high-resolution pictures of the Earth’s surface. These images can be used for any variety of end-use applications, including for national defense, asset tracking, crop monitoring, etc.
• Weather forecasting. Some satellites will have the ability to collect GPS radio occultation data. This is radio signal data that leverages space-based atmospheric density readings to improve weather forecasting.
• Asteroid mining. Asteroids contain many nonrenewable resources, including water and rare minerals. These could prove very useful to mine and transport back to Earth.
• Manufacturing. The lack of gravity makes it much easier to manufacture certain objects, like satellites, in space than on Earth. Therefore, we believe in-orbit satellite manufacturing represents a huge economic opportunity in the coming years.
• Renewable energy generation. Space is a lot closer to the sun than Earth. It also never has clouds. Therefore, there’s huge potential to generate enormous amounts of renewable solar energy there and transport it back to Earth. We believe outer-space solar energy generation could solve the world’s climate crisis.

Like space itself, the economic opportunity there is infinite. In numbers, analysts at Morgan Stanley (MS) — who, for what it’s worth, were early bulls to the EV Revolution — expect the Space Economy to measure over $1 trillion by 2040. Indeed, the opportunity that lies with space stocks is nearly as infinite as the final frontier itself.

The Final Word on Space Stocks

It’s no wonder the CEO of rocket startup Astra (ASTR) said that “the next generation of billionaires will be made in space.”

We agree entirely with that statement. And we’ve found the top millionaire-making space stock for you to buy today. It recently completed one of the world’s most important rocket launches. And as it continues to test and prove the power of its tech, it could mint millionaires out of its investors.

Every decade, a next-gen technological megatrend emerges to change the world forever. Along the way, it turns its early investors into millionaires many times over.

The PC in the 1990s. The smartphone in the 2000s. The cloud in the 2010s. And now, space in the 2020s.

So… my two cents here is simple.

Forget inflation. Forget the war in Europe, soaring oil prices, and plunging stock prices. Dedicate all your energy to identifying the best up-and-coming space stocks. They could make millionaires out of their early investors, regardless of how the rest of the economy develops.

Fortunately, we’ve done the leg work for you. And we’ve actually found the No. 1 stock to buy today.

One major Wall Street bank thinks it could 10X by December.

It’s a company whose technology could fundamentally change how the world communicates forever. And it could unlock trillions of dollars in untapped economic potential.

On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article.