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3 Space Stocks to Benefit From Increased Spending

Growing global investment set to turn space programs into trillion-dollar markets.

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The last several weeks have seen major developments in the field of space exploration, including the historic flight of NASA’s Ingenuity helicopter on the surface of Mars, the first-ever powered flight on another planet. Other noteworthy events include SpaceX snagging a $2.9 billion deal from NASA to develop a human lander that will carry the next astronauts to the lunar surface and beyond. The week also marked the 60th anniversary of the first human in space.

If the list of active and upcoming projects is any indication, space-related activity is taking off like never before. And as mankind’s quest for a deeper understanding of space becomes more intense, a growing number of companies are jumping into the fray with an eye on commercial opportunities on the horizon. There’s now a space-themed exchange-traded fund for those wishing to bet on the commercialization of spaceflight.

Vikram Barhat does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.