Maxar Technologies: A Risky NewSpace Stock

It’s been a little over two years since we were scouring the stock market universe looking for “picks-and-shovels” plays which stand to benefit from all the money pouring into the space industry, something which prompted us to ask Will NewSpace Supernova Into a Trillion Dollar Business? Morgan Stanley thinks it will by 2040, and they put together a list of “Space 20” stocks that didn’t seem to quite capture the exposure we’d expect from a NewSpace themed stock portfolio.

If you’re wondering why names like GoDaddy and Shopify make the list, they’re expected to reap benefits as everyone around the world connects to the Internet and immediately becomes a future customer. (Except for the Chinese, who constitute one in five people on this planet but are suspiciously absent from the above list.) Morgan Stanley provides a breakdown of where they expect the NewSpace growth to come from. The category referred to as “second order impacts” captures the growth expected in a world where everyone is connected to the Internet.

We’ve talked before about the race to provide