World’s First Space Trader Scopes Out a $43 Billion Industry [Yahoo! Finance News]
MITSUI & CO LTD ADR (MITSY)
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Source: Yahoo! Finance News
(Bloomberg) -- The business of manufacturing and launching small satellites is projected to grow almost fourfold over the coming decade to $42.8 billion, creating an opportunity for those seeking to profit from increased commerce between companies in the industry.One of them is Masatoshi Nagasaki, the world’s first self-styled space trader.The 39-year-old doesn’t work in a spacecraft, jetting from planet to planet like a character in an Isaac Asimov novel. Instead, he works on the seventh floor of a building that’s become a hub for space-related startups. He’s already won contracts from Japan’s space agency to broker satellite launches.“Space companies will definitely need traders,” said Nagasaki, dressed in a navy suit with a white shirt and no necktie. “I want to see space become an industry unto itself.”Nagasaki’s startup, Space BD Inc. wants to become a one-stop shop for companies looking for room on rockets, offering technical advice and matching them to launch operators. Middlem
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