The $1.8 Trillion Space Opportunity with Hugh Lam
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What is the main topic discussed in this episode?
Everything you're about to hear is for education and entertainment purposes only. Whilst we are licensed, we're not aware of your personal financial circumstances. Any advice is general advice. Equitymates operates under Australian financial services license 540697.
The space economy is already worth $630 billion and many investors don't even know it. Today, we're going to figure out how we can get exposure. Welcome to Equity Mates, a show where we explore what's possible in the world of investing. If you've just joined us for the first time, a huge welcome to our community. My name is Bryce, and as always, I'm joined by my equity buddy, Ren. How are you going?
I'm very good, Bryce. Very excited for this episode. We're talking about one of the biggest themes in investing at the moment, I think that's fair to say. Absolutely. Space.
What is the current state of the space economy?
Space is never-ending. Space has done well over the years. And I think what we've learned with thematic investments is some themes are more enduring than others. I remember early days of our investing careers, we got very excited about the medical marijuana. theme. Legalization was sweeping America. That's right. I would say that theme has been less enduring. But I think as we've done the research on this space theme, it's obviously headlined by SpaceX and the upcoming IPO and the excitement around that. But what becomes really clear is that space isn't a future looking theme. It's a theme that is all around us, affecting our day-to-day lives, affecting how everyone consuming this content receive this content, and the projections about where it will go as it kind of shifts from the domain of governments to more and more private industries growing in space.
It's pretty exciting.
It is. It's pretty cool. It is. Okay, so before we get into it, this episode is brought to you by BetaShares in celebration of the launch of their new ETF, Rocket.
How are falling launch costs impacting the space industry?
The BetaShares Space Industry ETF is an ASX first, offering exposure to a portfolio of 30 global companies driving the rapidly evolving space economy.
The fund is also designed to enable fast entry of major IPOs into the index shortly after listing, such as that anticipated for SpaceX.
Learn more at betashares.com.au slash learn slash space ETF, or click the link in our show notes and make sure you read the PDS and TMD and consider if the fund is right for you. Betashares Capital Limited is the issuer, RCKT is the ASX ticker, and EquityMates is an independent operating entity within the Betashares group.
All righty. Well, joining us in the studio today to talk through the opportunity that is space is investment strategist at BetaShares, Hugh Lamb. Hugh, welcome. Thanks for having me. So we're going to look at, as we said, how the industry is mapped today and how we can get exposure and the opportunities. But as we start with all of our experts on the show, can you share the story of your first investment?
Yeah, absolutely. Look, I'm still relatively young, I'd say, if you can tell by my baby face. But my first investment was back in 2018 to 2019. It was A2 Milk. So at the time, I was in my university days and I was doing a double degree in economics and finance. Everyone was talking about stocks and whatnot, and I thought I had to dip my toes in. At the time, the Chinese economy was really revving up. They were growing quite fast. The consumer was really driving the local economy. Part of that was infant milk formula, which is what A2 Milk provides. The share price, I think, really had a strong run throughout my uni days, effectively, so 2016 to 2019. And I thought, oh, it's a pretty good business. So Jane, I think she was a CEO at the time, and she was doing some incredible things in the business.
So, you know, fast forward, the stock went really, really well. And then as we know what happened in COVID, we effectively shut down and the export of infant milk formula to China effectively stopped. And so the tank just absolutely crashed. I think I sold out at the peak, actually, not just because I timed it right, but I needed the funds for a holiday in Mexico.
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Chapters
8 chapters
1
What is the main topic discussed in this episode?
0:00–0:47
2
What is the current state of the space economy?
0:47–1:57
3
How are falling launch costs impacting the space industry?
1:57–5:59
4
What are the real-world applications of satellite internet?
5:59–7:15
5
What companies are leading in data-as-a-service in space?
7:15–10:43
6
Why are ETFs a good investment option for the space sector?
10:43–12:37
7
What are the emerging trends and blue-sky ideas in space investing?
12:37–15:21
8
What advice does the guest have for investors in the space sector?
15:21–37:37
Speakers
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