Goldman Sachs predicts long‑term growth for space stocks despite volatility

A Goldman Sachs research report says space‑related equities could deliver strong long‑term growth as the industry moves beyond rocket launches into satellites, orbital broadband, communications and defence applications. The report warns that high valuations and extreme price swings make the investment path uneven.

Goldman’s custom basket of U.S. space and satellite stocks has risen about 13% year‑to‑date and more than 360% over the past two years, outperforming the S&P 500. Lower launch and satellite costs, expanding government defence contracts and rising interest in services such as SpaceX’s Starlink are cited as tailwinds. Analyst Louis Miller notes some companies may become profitable as early as next year, while future concepts like orbiting data centres remain longer‑term opportunities.