The Exploration Company Raises $450M to Rival SpaceX

The space industry is currently worth about $650 billion globally, growing nearly 50 percent since 2020, which is certainly impressive. But over the next decade, the total market opportunity in the space industry is expected to grow even faster, reaching anywhere from 1.8 trillion to infinity dollars, depending on whether you ask Goldman Sachs or Elon Musk, respectively.

What’s even more interesting than the valuation projections, however, is the disagreement that seems to have emerged over the revenue proportions each major demand driver can realistically be expected to account for. Since SpaceX’s IPO, the investment world has rather naturally started to allow itself to be wooed once more by the prospects of bright, shiny objects like lunar robotic manufacturing and tourism, etc. But thr