Space Coast activities at center of emerging $1T space industry, says report

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    A new report from Morgan Stanley (NYSE: MS) leaves little doubt that Florida’s Space Coast is driving the space industry upwards — and stands to benefit from the sector’s continued growth.

    Human exploration of space can be a catalyst to grow the industry through increased public and investor awareness, according to an Oct. 29 report by the New York-based investment bank. Morgan Stanley projects the global space industry will be worth $1 trillion by 2040, a leap from the $350 billion the firm values the industry at today.