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Stock impact report

NASA budget reveals even more reliance on private companies like SpaceX and Blue Origin [CNBC]

CLPS Incorporation (CLPS) 
Company Research Source: CNBC
NASA budget reveals even more reliance on private companies like SpaceX and Blue Origin NASA | Joel Kowsky SpaceX founder and CEO Elon Musk speaks with NASA administrator Jim Bridenstine, along with astronauts Victor Glover, Doug Hurley, Bob Behnken and Mike Hopkins, in front of the company's Crew Dragon capsule. The NASA's 2020 budget This is the first budget request under NASA administrator Jim Bridenstine. On a reference basis alone, the budget uses the word "commercial" almost twice as much as last year. That is a boon to companies like SpaceX, as CEO a part of returning cargo and humans to the moon's surface "This is potentially good for SpaceX, given it looks like on the lunar side they're emphasizing commercial companies more," Morgan Stanley analyst Adam Jonas told CNBC. Jonas is widely followed due to his early call on electric automaker Tesla and helped form a team of analysts to focus on investment opportunities from the space industry at Morgan Stanley. show chapters NASA Show less Read more
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