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Bank of America expects the growing space economy will more than triple in size in the next decade, with the firm this week forecasting space will grow to become a $1.4 trillion market.
"While the COVID-19 pandemic has led to delays in some public and private programs ... the outbreak has not appeared detrimental to overall investment. This may largely be due to the fact that most spending in space is business-to-business/government , which generally recovers faster than business-to-consumer spending," Bank of America analyst Ron Epstein wrote in a research note to investors.
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