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Morgan Stanley forecasts the revenue generated by the global space industry may increase to more than $1T by 2040, while BofA estimates the sector will grow to $3T by 2040.
Morgan Stanley estimates that satellite broadband will represent 50% of the projected growth of the global space economy by 2040, as demand for data soars.
Two space ETFs to consider - The Procure Space ETF and the SPDR S&P Kensho Final Frontiers ETF.