Stocks to Watch in
the Space Economy Race; Stocks Mentioned - (NYSE American: $KULR) @KULRTech , (NASDAQ:
$RKLB), (NYSE: $RDW), (NYSE: $SPCE)
December
18, 2024 - Investorideas.com, a
go-to investing platform covering aerospace and defense stocks releases a snapshot
on publicly traded companies entering
the space economy featuring KULR
Technology Group, Inc (NYSE
American:KULR), a global leader in energy management and
vibration reduction solutions, with a long history with NASA.
For
investors looking for the next big thing, look up; space stocks may be the next
frontier in investing.
Stocks
mentioned in this article: Rocket Lab USA Inc (NASDAQ:RKLB),
Redwire Corporation (NYSE: RDW),
Virgin Galactic Holdings, Inc. (NYSE: SPCE).
McKinsey.com says, “We
estimate that the global space economy will be worth $1.8 trillion by 2035
(accounting for inflation), up from $630 billion in 2023. This figure includes
both “backbone” applications—such as those for satellites, launchers, and
services like broadcast television or GPS—and what we term “reach”
applications”—those for which space technology helps companies across
industries generate revenues.”
“In
2023, backbone applications made up $330 billion, or slightly greater than 50
percent, of the global space economy, while reach applications represented $300
billion. The expected annual growth rate for backbone and reach applications is
twice the projected rate of GDP growth over the next decade.”
Leading
the race in space technology, Elon Musk’s SpaceX was founded in
2002 to expand access to outer space.
According
to a recent story on CNBC, “The
valuation of Elon Musk’s SpaceX hit $350 billion based on a secondary share
sale.”
“SpaceX,
as well as investors, agreed to buy stock from insiders in a $1.25 billion
purchase offer at $185 a share, according to copies of the offer obtained by
CNBC. The round does not include raising new capital, as the purchase offer
represents a secondary sale of existing shares.”
KULR Technology Group, Inc (NYSE
American:KULR) just announced its
plans to launch the KULR ONE Space (K1S) battery via launch integrator
Exolaunch on a SpaceX rideshare mission scheduled for 2026. This mission
represents a pivotal milestone in KULR's ongoing commitment to developing safer
and higher-performing battery systems tailored for space applications for a
space battery market that is expected to grow from $3.9B to $6.35B by 2030 per Virtue Market
Research.
This news is paid news dissemination for KULR Technology Group, Inc.
Read this news, featuring
KULR in full at https://www.investorideas.com/news/2024/defense/12181Space-Economy-Race.asp
This
pathfinder mission will integrate multiple configurations of the KULR ONE Space
(K1S) battery into a 6U SmallSat. A 6U SmallSat is a lightweight satellite with
a standardized structure measuring approximately 10 cm x 20 cm x 30 cm, built
using durable materials like aluminum or carbon-fiber composites to endure the
extreme conditions of space. The K1S battery configurations have been carefully
selected to demonstrate cell and pack performance, as well as electronic
functionality in orbital environments. This mission will also validate the
flight capabilities of the K1S, the first commercial-off-the-shelf (COTS)
lithium-ion battery series engineered to fully comply with NASA’s JSC 20793
battery safety standard.
Key
highlights of the K1S rideshare mission include:
- Integration
of top cells from leading cell manufactures: The K1S
variations will feature state-of-the-art 18650 cells delivered by top-tier
original equipment manufacturers (OEMs), including LG, Samsung, Amprius,
and MOLICEL.
- Utilization
of cells strategically selected by NASA: One of the K1S
systems incorporated into the mission will be constructed with MOLICEL
18650-M35A cells with associated NASA Initial
Lot Assessment (ILA), Lot Acceptance Testing (LAT), and WI-37A Cell
Screening, previously referred to by KULR as
the “Golden Lot”.
- Incorporation
of next generation low-temperature cell technology: If
feasible, a version of the K1S architecture will include
ultra-low-temperature performing cells capable of operating at -60°C
without integrated heaters, further demonstrating KULR's innovative
advancements.
- Advanced
battery management system: The mission will also showcase
KULR's newly developed battery management system (BMS) architecture, which
provides a COTS solution designed to meet the stringent safety
requirements of the 20793 standards.
- Gaining
flight heritage for commercialized variations of safe battery
architectures: The K1S batteries are engineered with
passive propagation resistance and flame-arresting technology, delivering
safer and higher-performing systems at a fraction of the cost compared to
traditional 20793-compliant batteries. This rideshare mission will provide
additional flight heritage to the architectures developed by the KULR
team.
Dr.
William Walker, KULR Chief Technology Officer, and Peter Hughes, KULR Vice
President of Engineering, jointly stated, “The upcoming mission will serve as a
platform to showcase the exceptional capabilities of KULR's cutting-edge
battery solutions, reinforcing the Company’s position as a leader in advanced
energy technologies for space and aerospace applications. The mission aligns
with KULR’s ongoing efforts to revolutionize the space industry by offering
reliable and high-performance energy solutions that meet the most stringent
safety standards, all while reducing costs for customers.”
“We
are excited to bring our KULR ONE Space batteries to orbit on this rideshare
mission,” said Michael Mo, CEO of KULR Technology Group. “This mission
underscores our commitment to providing safer, more efficient, and
cost-effective battery solutions for the most demanding environments. With the
integration of next-generation cells and our advanced BMS architecture, we are
setting a new standard for COTS battery technology in space.”
Other
companies in the space economy include Rocket Lab USA Inc (NASDAQ:RKLB), a
global leader in launch services and space systems. Rocket Lab recently announced it
successfully launched a suborbital mission in November to test hypersonic
technology for the Department of Defense.
From the news: This
mission provided hypersonic test launch capabilities under the Multi-Service
Advanced Capability Hypersonics Test Bed (MACH-TB) project, which aims to
increase hypersonic flight testing for the United States in support of technology
maturation. The project was awarded by Naval Surface Warfare Center (NSWC)
Crane through the Strategic and Spectrum Missions Advanced Resilient Trusted
Systems (S2MARTS) Other Transaction Authority (OTA) vehicle on behalf of the
U.S. Department of Defense Test Resource Management Center (TRMC).
Continued: George
Rumford, Director of the TRMC, states: "Leveraging commercial launch
services allows our Nation to affordably test components early and frequently,
accelerating hypersonic development."
Continued: Rocket
Lab’s test platform showcased a new suite of cutting-edge technologies
optimized for hypersonic technology tests with vastly increased payloads.
Rocket Lab also designed, manufactured, assembled, and integrated the
experimental hypersonic instrumentation which was launched on this mission, but
on a highly accelerated timeline.
Redwire
Corporation (NYSE: RDW), a
leader in space infrastructure for the next generation space economy, was awarded a
$45,469,600, five-year cost-plus-fixed-fee contract that will be incrementally
funded by the Air Force Research Laboratory (AFRL) Space Vehicles Directorate
for the design, development, and testing of prototype software and hardware for
mission critical technologies. The contract will support the AFRL Space
Vehicles Directorate’s efforts to equip the joint warfighter with a spectrum of
agile, effective, resilient, and affordable space mission capabilities.
From the news: Redwire will
research and develop novel and emerging spacecraft technologies to include
large deployable structures, thermal management capabilities, payload
accommodations, and improved analysis and testing methods for in-space and
terrestrial national security applications. This contract builds on a
previously awarded AFRL contract to mature space domain technologies from early
functional proof of concept through demonstration of full system or
architecture prototypes.
"We
are honored to have the opportunity to continue supporting AFRL’s Space
Vehicles Directorate through this new contract award," said Adam Biskner,
President of Redwire Space Systems. "We have a long and proud legacy of
supporting AFRL, and this award demonstrates our joint interest in continuing
to support the mission of developing and transitioning space technologies to
provide enhanced space-based capabilities to the warfighter."
Virgin
Galactic Holdings, Inc. (NYSE: SPCE) and
Ente Nazionale per l'Aviazione Civile ("ENAC"), the civil aviation
authority of Italy, recently announced the
signing of an Agreement of Cooperation to jointly study the feasibility of
Virgin Galactic conducting spaceflight operations from Grottaglie Spaceport in
the Puglia region of Southern Italy.
From the news: The
study will evaluate the necessary technical requirements for suborbital
spaceflight operations at Grottaglie Spaceport, the surrounding area’s ability
to support private and research suborbital spaceflight customers, and the
compatibility of Italy’s suborbital regulations with those in the United
States, where Virgin Galactic is headquartered.
Continued: Phase
one of the study, anticipated to be completed in 2025, will examine
Grottaglie’s airspace compatibility with Virgin Galactic’s requirements and
unique flight profile. This will include examining any regulatory requirements,
studying the facilities infrastructure and ensuring supply chain capability to
support repeated spaceflights. Presuming these criteria are satisfied, phase
two of the examination would expand to consider regional workforce requirements
as well as the potential economic stimulation to Italy and Puglia generated by
multiple spaceflights per week.
The
announcement comes 18 months after members of the Italian Air Force and the
National Research Council of Italy conducted research aboard Virgin Galactic’s
June 2023 ‘Galactic 01’ mission from Spaceport America in New Mexico. The
flight marked the Company’s inaugural commercial spaceflight.
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