President Trump Proposes Space Force
Donald Trump has to be the busiest President in history.
He is going to ‘Make America Great Again’ despite having to overcome a Democratic Party that puts foreigners and other countries ahead of American Citizens.
He just announced his next ‘Big Deal’ this week when he proposed ‘Space Force‘.
President Trump said, “It is not enough to merely have an American presence in space, we must have American dominance in space. We are going to have the Air Force, and we are going to have the Space Force, separate but equal.”
It is not clear exactly how the “Space Force” might come about or which branch of the current military it may fall under, but Morgan Stanley says it could actually be a net positive for the Department of Defense.
Some Washington insiders say, “that establishing a Space Force as a stand alone military branch, while potentially contentious, could be overall beneficial for the US Defense Department.”
The President must now garner the support of Congress to move on the initiative, through both funding and authorization. That last part may prove difficult, but the President seemed committed to the idea when he signed a “space policy directive” last week.
If President Donald Trump successfully organizes his so-called Space Force, it could speed up investment in what Morgan Stanley sees as the next trillion-dollar economy.
Space is already a $350 billion economy, or roughly half a percent of the world’s GDP, the bank estimates. And as more investments pour into technologies like reusable rockets that make space exploration cheaper, that economy could grow to $1 trillion, especially as countries recognize the need for a space presence to maintain national security.
Morgan Stanley says, “Trump’s ‘Space Force’ could fuel a new $1 trillion economy”.
In a note to clients Friday, the bank doubled down on its intergalactic thesis, saying the Space Force “could address critical vulnerabilities in national security, raising investor awareness in the formation of what we see as the next trillion-dollar economy.”
The bank is tracking 100 private companies poised to profit from interstellar industries.
Morgan Stanley has already identified 20 stocks staking their place in the space race, and says it’s monitoring 100 other private companies across sectors including satellite internet, rockets, space tourism, and asteroid mining as the push to pioneer this new frontier heats up.
This development could enhance US technological leadership and address vulnerabilities in surveillance, mission deployment, cyber, and Artificial Intelligence.