Looking to Invest in SpaceX? This Public Company Already Generates Revenue From Its Next-Gen Satellite Constellation
Space-based broadband internet for the masses is being built over at Elon Musk's SpaceX, with the initial launch of the service -- dubbed Starlink -- expected by the end of 2020. The company's forward-thinking mentality on the commercialization of the final frontier is partially responsible for the surge in interest in investing in the movement. Problem is, SpaceX isn't a publicly traded company, leaving just a few names like Virgin Galactic (NYSE: SPCE) for investors to choose from when it comes to innovation in the burgeoning space economy.
But there's another possibility: Iridium Communications (NASDAQ: IRDM), which just completed its first year operating its own broadband-speed service with global coverage. The company has yet to reach peak operational efficiency with its new satellite constellation, but solid progress is being made.
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Source Fool.com
