Tony Kim
Managing Director of the Fundamental Equity division of BlackRock's Portfolio Management Group
The space economy is no longer a distant or speculative theme. We find it is already delivering economic value through communications, navigation, Earth observation, defense systems, weather data, logistics tracking and satellite-enabled connectivity.
Yet the scale of the opportunity is changing. A convergence of supply-side breakthroughs — most importantly falling launch costs, reusable rockets, smaller satellites and AI-enabled autonomy — is meeting powerful demand-side drivers from AI, defense, data, connectivity, and infrastructure. Together, these forces are creating an inflection point in the space economy and emerging as one of the largest infrastructure investment opportunities of the next decade.
Space is not one market. It spans multiple applications including communications, sensing, compute, navigation, defense, and science and exploration. Space also operates across multiple orbital planes, each with distinct physics, economics and use cases. Demand for capabilities in space is being driven by both commercial and government needs, creating multiple growth vectors across the value chain.
Simon Wan
Portfolio Manager – BlackRock Multi-Asset Strategies and Solutions
Tomas Hamudis
Tomas Hamudis, Research Analyst, Fundamental Equities
Yasmin Meissner
Portfolio Manager and Macroeconomic Researcher - Multi-Asset Strategies & Solutions, BlackRock
Hear more from Reid Menge
Is space the next investing frontier? BlackRock’s Reid Menge breaks down why terrestrial constraints, AI-driven demand and falling technology costs could mean portions of economic activity move into orbit. From powering AI with space-based solar to satellites serving multiple industries at once, the opportunity may be closer than many think.
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