The commercial segment is the fastest advancing segment of the space sector and is expected to drive the future of the industry. Despite the pandemic downturns, commercial space activity grew 6.6% to nearly $357 billion in 2020, representing close to 80% of the total space economy.
Backed by government funding and increasing private investments, the space industry is expected to keep growing. And so, Wall Street analysts predict space stocks Virgin Galactic Holdings, Inc. (NYSE:SPCE) and Maxar Technologies Inc. (NYSE:MAXR) to rally by more than 50%.
