If there is a space industry, how will we process the payments that flow back and forth? Payment processing company Shift4 Payments ( FOUR -2.77% ) could help answer that question. Hotels, entertainment businesses, and restaurants across the country use Shift4's platform.
In its report, Morgan Stanley believes that satellite broadband, satellite-delivered internet, could contribute between 50%-70% of the space industry's projected growth. Elon Musk's SpaceX has invested heavily to build Starlink, its upcoming broadband business. Shift4 has partnered with SpaceX to support it with its payment services. Shift4's management estimates this addressable market as being worth between $100 billion and $500 billion globally. Shift4's satellite broadband exposure andgrowing payments business could fuel growth over the years ahead.
Comentarios