We recently published a list of 7 best spatial exploration actions to invest. In this article, we will examine where L3harris Technologies, Inc. (NYSE: LHX) stands against other best spatial exploration actions to invest.
The space industry develops faster than ever and approaches the next border. The American space economy is at the center of this progression. The space industry stimulates significant technological progress which play a major role in industries such as telecommunications, defense, energy exploration, bioscience and manufacturing. In addition, robotic exploration missions have increased, accelerating spatial activity. This increasing space saving creates opportunities to invest in space actions.
According to an McKinsey report, the global space economy is expected to reach $ 1.8 billion by 2035, compared to nearly $ 630 billion in 2023. The main drivers of space economics growth are satellites, launchers and telecommunications devices. For example, Uber relies on satellite signals and provides GPS directions to drivers and cyclists.
The growing demand for positioning and navigation on smartphones and increased demand for monitoring and collecting data supplied by AI will be essential for the space economy. According to research and markets, the world AI on the space exploration market was estimated at $ 3.4 billion in 2023. This market is expected to reach $ 14.25 billion in 2028, increasing TCAC by 33.19%.
President Trump created the space force in his first mandate, creating history by adopting a defense bill of $ 728 billion. In its second mandate, the space economy policy is relatively clear because the tariff agenda remains a priority.
Recently, the head of space operations, General Chance Saltzman, told the defense One that the space force remained in a good place.
“I think that in the end, what you will see is that because our priorities were so focused on war fighting, so concentrated on the new emerging threats, that everyone is realizing that we must approach, that we were fairly well aligned with the priorities of the new administration, and therefore I think that space force will be in the right place,” said Saltzman.
At the end of 2024, the Pentagon announced to increase its expenses for the proliferated satellite services of Low Earth Orbit (Pleo) of $ 900 million to a huge $ 13 billion until 2028. This will create opportunities for private and public Pentagon entrepreneurs.
We used financial media reports to preselect companies engaged in the space exploration sector. We then looked for space exploration stocks widely held by the hedge funds. The data for the number of hedge fund investors for each stock were taken from the Monkey initiate database, update in the fourth quarter 2024. Finally, the 7 best spatial exploration actions to buy were classified in increasing order according to the number of hedge funds that have participations.
