Investing In Space

Let’s say your modest portfolio in the stock market has had a good run over the past year or so, and you’re looking for a new investment opportunity.  Let’s posit, further, that you think Bitcoin is a curious bubble that’s going to burst someday, and that you’d rather put your money into a company that produces something more tangible and more futuristic.

Well, what about space?

fh-onpadSpaceX is racking up a number of impressive accomplishments.  Last month SpaceX successfully tested its Falcon Heavy Rocket, and it is moving forward on launching what it calls the most powerful operational rocket in the world.  The Falcon Heavy launch is set for next week, on February 6, from the Kennedy Space Center in Florida.  The successful launch of the Falcon Heavy would join other stellar (pun intended) SpaceX accomplishments, like being the first company to launch a rocket with payload into space and then land the rocket back on Earth, and being the first company to relaunch an already used rocket.  SpaceX also built the first private spacecraft to dock with the international space station, and it’s shown it can reuse the spacecraft, too.  If you’re trying to make space a commercially viable enterprise, developing reusable rocket technology and reusable spacecraft technology, to hold down the cost, is a crucial first step — and SpaceX looks like the leader in taking that step.

But here’s the thing:  you can’t invest directly in SpaceX.  It’s a private company, and its founder Elon Musk has said he won’t take it public until the company has started to make flights to Mars.  Why?  Because Musk is afraid that if the company goes public before then, there’s a chance that the stockholders will pressure the board to focus on things other than colonizing Mars — which is Musk’s goal and is bound to be more expensive and difficult than, say, establishing Moon exploration bases or mining asteroids for precious metals.  It’s not an unreasonable fear on Musk’s part.  So if you want to own a piece of SpaceX, you can only do so indirectly, by investing in Alphabet, which owns a piece of SpaceX as well as parts of Google, YouTube, and other things.

Okay, so SpaceX isn’t currently available for the intrepid investor who wants to get into the space exploration game.  Are there other options?  It’s not easy to determine, because a lot of the companies that are touching upon space issues — like Boeing, for example — are better known for producing other objects.  But you can start to get a sense of what’s out there by looking for lists like this one, on potential investment opportunities involving space, or looking for articles about company announcements related to space activities and then figuring out whether they are publicly traded.

It’s not easy for the casual investor.  What we really need is for one of the stock exchanges to create a “space index,” just like there’s a Dow Jones “transportation index.”  The index would identify the space-related public companies, mutual funds would be established to invest in each of the space index companies, and those of us who’d like to put our money in the heavens could buy into the mutual funds.

Hey stockbrokers!  How about giving investors interested in space some help here?

Space Suit Chic

We’ve got a little bit of a “space race” going these days, 50 years after the first one.  This particular space race is about which commercial entity is going to be the provider of choice for both travel and delivery of space-related services — like creating working flight suits that people would wear on space voyages, and other necessary components of routine life in space.

space-x-suitLast week SpaceX unveiled the look of its flight suit to great fanfare.  Some people described the suit — which is sleek, futuristic, and basic black and white — as looking like the imperial stormtrooper outfits from Star Wars, but it clearly has a certain style.  Elon Musk, the founder of SpaceX, says the suit is functional, not a mock-up, and has been tested to double vacuum pressure.  Interestingly, Musk also noted that SpaceX was focused on both esthetics and functionality in designing the suit, and that is was “incredibly hard” to balance the two, while focusing on one or the other would have been a lot easier.

Earlier this year, Boeing gave us a peek at its version of a flight suit, which passengers would wear on the Boeing Starliner spacecraft that is intended to deliver passengers to places in low-Earth orbit, like the International Space Station.  Boeing’s announcement got a less less attention than the SpaceX unveiling, but then Boeing isn’t quite as cool as SpaceX.  Boeing’s flight suit, which is “Boeing Blue” in color, looks a lot more like an updated version of the Apollo suits we remember from the glory days of moon shots and lunar rovers in the late ’60s and early ’70s.

space_suit_630Of course, Boeing and SpaceX are just two of the companies vying for supremacy in the corporatization of space, and flight suit design isn’t going to finally and conclusively determine who gets a leg up in the competition.  But the disclosure of things like flight suits is important nevertheless.  It shows that companies are hard at work on the necessary nuts and bolts of spaceflight, and you can bet that for every item, like flight suits, that get public attention there are dozens of less interesting devices that are being developed, streamlined, and perfected.

The unveiling of flights suits has another important function, too:  getting people talking about spaceflight again.  When I was growing up, it seemed like just about every kid wanted to be an astronaut, and the space program was a constant topic of conversation.  In the cool occupation pyramid, “astronaut” was at the pinnacle.  The aspirational dreams of youngsters may not have made a difference in how the American space program was operated, but it provided an important core of support for NASA, and many of us still harbor those inner dreams even though the manned space program has basically had a 45-year hiatus.  If the disclosure of the SpaceX and Boeing flight suits cause kids to begin dreaming about space again, it would be a good thing for those of us who feel that our future lies out among the stars.