Musk’s City on Mars
Elon Musk’s vision for Mars’ first sustainable city is straightforward…
Build about 1,000 starships.
And launch them up to three times daily at a cost of only $2 million per ship, per launch. After 20 years of transporting materials and supplies we’ll have our Martian city.
The billionaire-playboy space race is kicking off for real. So much money has been spent on these enterprises there is no turning back.
Plus, from an industrial standpoint, companies like SpaceX and Blue Origin are already pulling their weight in practicality.
Maybe Musk’s Mars city is more science fiction-fueled dreams than likelihood today. But the stage is set for space-based industries to be created and grow into powerfully profitable companies.
And we can start profiting on this trend right now.
A Product of the Wireless Revolution
The wireless revolution may be the biggest reason we’re racing back into space.
The need for better connectivity, broader-ranging networks and infrastructure that can carry more data-packed signals with almost no latency will be the backbone of all new technologies moving forward.
Our technological future hinges upon a convergence of technologies, not one singular breakthrough, to fulfill the promises we futurists talk about being so close to.
That’s why with wireless tech in mind…
Earlier in 2019, Elon Musk’s SpaceX was in the process of creating its own broadband data network.
According to GeekWire, the company is seeking FCC approval to place 1 million tiny communications satellites into orbit as part of its Starlink satellite internet service.
SpaceX is currently a private company, but if they ever go public, you should claim your stake ASAP. They could emerge a leader in the race to own space.
One of the Only Ways to Tap Into the Space Race
SpaceX is private and so is Blue Origin. So how can you get a first-mover slice of the action?
One way is with Loral Space & Communications Inc. (NASDAQ: LORL).
LORL is a little-known company well positioned to take advantage of the race to build a global communications network in Earth’s orbit.
LORL is a satellite communications company that provides satellite-based communications worldwide. It also owns the controlling stake in Telesat Canada.
Additionally, LORL owns a 56% stake in Xtar. Xtar is a Spanish consortium of telecommunications companies seeking to bring low-Earth-orbit satellite networks to Spain and “allied countries,” according to their website.
With companies like SpaceX and Blue Origin fully operational, these networks can now be built a lot faster and more efficiently.
Note a theme… The convergence of technologies are bringing us forward… not one technology on its own.
LORL on the year is bouncing in a range between $32 and $42 a share.
It’s been hard to pinpoint a breakout, and significant swings like LORL sees make this a speculative play worth house money only.
But that said, there is one other way to tap into this trend.
This company has received millions in funding from a world-renowned space agency.
And it could even become the No. 1 global supplier of low-Earth-orbit satellites by the time the race to own space is over.
For Technology Profits Daily,
Chief Technology Expert, Technology Profits Daily