Whatever is present beyond the atmosphere of Earth seems to be breathtakingly beautiful. The usual definition of space is given as the Karman Line which is an imaginary boundary that is 62 miles or 100 KM above the level of the sea. Sputnik was launched by the Union of Soviet Specialist Republics in 1957. This was the 1st satellite launch that orbits the Earth. Yuri Gagarin, a Russian cosmonaut made the history of becoming the first person in space in 1961 and since that time, the interest of humans in space increases greatly. Insider Monkey in their post has shared the report of BizVibe which is given below:
“According to BizVibe, The global space industry is currently worth $414.8 billion. In 2019, space companies raised a record of $5.8 billion in private investments. Totaling investments to $26 billion since 2009. Evidently, the amount of money invested in space companies each year is increasing significantly. In the USA alone, the space industry was valued at approximately $158 billion and could grow into a trillion-dollar industry by 2040.”
This space sector is becoming a highly viable industry with various potentials for growth in the near future. However, the sector was not highly immune to the downturn in the economy which is resulted due to the outbreak of Coronavirus. One of the biggest Satellite broadband services, OneWeb become bankrupt during the midst of the COVID-19 pandemic, and different space missions either became delayed or suspended.
Let’s start with the list of the Top 10 Space Stocks in 2021 as shared by Insider Monkey in their post on Yahoo. On 10th place in the list of top 10 stocks in 2021 is Garmin LTD. This company was started in 1989 as a communications and navigation provider with the help of GPS technology. Embraer awarded Supplier of the Year award to GRMN. The company received the award for the 11th time. GEOS global limited subsidiaries’ acquisition was announced by the company recently. The vice president of an outdoor segment of Garmin, Brad Trenkle stated that this acquisition will make them able to offer additional peace of mind to their customers.
On 9th place on the list is Trimble, Inc. The stocks of Trimble were also highlighted in the 10 best Artificial Intelligence and Robotics Stocks to Buy. This company is based in California and is operating as software, hardware, and service technology firm. The company is offering products with an aim to connect the digital and physical worlds. The revenues of the company in Q3 of 2020 were $792.8 million. If you are interested in learning more about these Space stocks, then continue learning 16 Best Space Stocks To Buy Now.