While there have been several attempts to know and understand space better through the years, it is only within recent decades that mankind has seen a “remarkable advancement” in the exploration of space.
Not quite the mission of the starship USS Enterprise of Star Trek, but space is the next new investment frontier, announced DBS Group Holdings’ chief investment officer (CIO) Hou Wey Fook in the bank’s CIO Vantage Point report. The report was released in conjunction with DBS’s 3Q2024 outlook report in June.
At the media briefing on June 24, Hou explained that the suggestion stemmed from emerging technologies such as autonomous vehicles, artificial intelligence (AI), robots and reusable rockets. “[The abovementioned technologies are] narratives we thought would appear only in science fiction movies,” he adds. “Surely, it’s not too early to keep a close eye on the development with space.” According to The Space Report, the space economy is expected to grow by 41% to reach US$772 billion ($1.04 trillion) by 2027 from US$546 billion in 2022.
