NASA has long been a leader in space exploration, but now they are shifting their approach with the help of the private sector. Companies like Boeing and Lockheed Martin are working alongside NASA to achieve their goal of putting humans on the moon again by 2026. SpaceX, founded by Elon Musk, has been leading the charge in commercial space exploration and completed 96 successful missions in 2023. Firefly Aerospace is another company making waves in the space industry, with a $112 million contract from NASA for an unmanned lunar landing later this year.
As the commercial space industry continues to grow, companies like Firefly are adapting to the changing landscape. With projected growth of $1.8 trillion by 2035, there is a significant opportunity for companies to capitalize on this growth. Firefly’s goal is to become a comprehensive space transportation company, offering a range of services from manufacturing rockets to providing vehicles for spacecraft missions.
Investors need to stay ahead of the curve and be aware of developments in the space industry. Yahoo Finance’s NEXT series explores the future of various industries and highlights companies that are making impactful moves today that will shape tomorrow. Stay tuned for more insights on upcoming trends and opportunities in the market.