What is it about?
The space industry is weakly correlated to major market indices and can be considered a hedge against black-swan events. Using our collected data, we compared the global space economy as a whole, in addition to the commercial space economy against 8 diverse and important market indices. The research explains the differences and opportunities that space has to offer.
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Photo by SpaceX on Unsplash
Why is it important?
Research on the outer space market has never been done like this before. The economic discussion combined with correlations showing that it is a hedge against economic downswings and does not have negative growth has never been shown before and needs to continue to be researched. This is only the first step in this research to be done, and we hope this work helps the next researchers advance findings even further.
Perspectives
Writing this paper was an incredible journey, allowing me to collaborate with brilliant minds and learn deeply about the topic. As the first research of its kind, it took time to develop without a direct roadmap—no one had answered our question before. I hope this paper sheds light on the economic potential of outer space today. With current technology, there are countless opportunities ready to be explored, extending beyond dreams of Mars or space travel into real, immediate possibilities.
Ilan Kluk
American Institute of Aeronautics and Astronautics
Read the Original
This page is a summary of: Space is an Uncorrelated Investment Sector: The Space Industry is Not Strongly Correlated to Major Market Indices or Alternative Asset Classes, July 2024, American Institute of Aeronautics and Astronautics (AIAA),
DOI: 10.2514/6.2024-4802.
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