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Aerospace stocks

I’m also monitoring Aerospace stocks, especially devices and ground services. The following companies are not judged by stock valuations, but by my thought whether these companies will be potential around 2025 or 2030.

Spacecraft Monitoring & control services and ground station devices.

Kratos https://www.kratosdefense.com/

Kratos is the most potential company, providing ground station devices both to AWS ground station and Microsoft Azure. Kratos is also providing EPOCH, spacecraft monitoring and control software to commercial satellites. Unfortunately, PER will be over 300 times with the rumor that Lockeed Martin might purchase Kratos.

Spacecraft operations services

THALES https://www.thalesgroup.com/en

LEONARDO https://www.leonardocompany.com/en/home

These companies have strength in European. Thales Alenia and Telespazio are part of these companies. These companies will be valuable compared with US stocks.

Onboard devices

Spacecrafts are embedded systems in order to control in limited capacity. Therefore, FPGA and ASIC(Application Specific Integrated Circuit) are key products.

Xilinx

Intel

Lattice

Microchip Technology

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Japan Participation to Lunar Orbital Platform-Gateway Program led by the US

InJuly 9th, Japan government signed the participation to Artemis program, Lunar Orbital Platform-Gateway Program led by the US. EU and Canada join this program, while China and Russia plan similar program independently.

My comment for this issue is how Japanese government acquire the budget for implementing and operating the program.
Annual budge of Japan Aerospace Exploration Agency(JAXA) has continued to be stable in 150 billion yen, 1.5 billion USD for more than 10 years. Operation budget for ISS is estimated to be 40 billion yen, 0.4 billion USD. Aerospace Experts estimate that it will cost 500 billion yen, 5 billion USD , in order to deliver one Japanese astronaut to the moon.
It will take at least 10 years, even if all budget for ISS is allocated to the program. However, it is impossible to set zero budget for ISS in 2024.

I am skeptical that other aerospace budget such as space science will be cut to save implementation cost.

Estimation of budget allocation for Japan Aerospace Exploration Agency in 2024