The internet changed everything. Spaceflight technology could do the same

New York CNN Business — New spaceflight technologies could reshape the global economy on a level not seen since the internet. We’re “getting beyond the realm of science fiction fans and thinking about where returns can be had.” The space economy is following the roadmap of the internet revolution: Just like in the early dot-com days, flashy Silicon Valley types and a wellspring of venture capital money are pushing the envelope. Maybe they’re creating more advanced satellites, or looking at aerospace and defense companies that may be investing in new space technologies.” In other words, stock market investors can put together diverse portfolios of space-related companies that will benefit from a new space age — and then hang on for the long haul, Kane said. Hip new rocket companies are the most visible leaders in space, but launch services actually account for only a small fraction of the overall industry’s revenue. Micah Walter-Range, who developed the index, is an industry expert who said he left the Space Foundation, a space industry-focused nonprofit, to figure out “how regular people like me can invest in space.” The central idea: Investors don’t need to invest directly in young startups because there is no clear divide between “new space” and “old space” companies, Walter-Range told CNN Business.