Morgan Stanley says space-related M&A highlight attractiveness of end market

Morgan Stanley analysts Matthew Sharpe and Kristine Liwag said in a note published on December 23 that over $11B in Space-related M&A had been announced in the prior week, including the acquisitions of public Space companies Maxar (MAXR) and Aerojet Rocketdyne (AJRD). These deals reflect the attractiveness of the Space end market, said the pair, who added that they see the wider Space sector benefitting from a number of ongoing trends – including advances in computer power, miniaturization, and manufacturing – and that the use cases for Space continue to expand.