144 Reusable rockets are lowering launch costs dramatically, opening outer space for business and creating new services like direct-to-device satellite connectivity. According to ARK’s research, satellite connectivity revenues could reach $130 billion in 2030, still just a fraction of the roughly $2 trillion in telecommunications revenue. S T Longer term, hypersonic flight point-to-point could generate revenues of ~$35 billion E K C in 2030, and potentially reach $350 billion at scale. RO E L B A S U RE Sources: ARK Investment Management LLC, 2024. This ARK analysis is based on a range of underlying data from external sources, including CompaniesMarketcap.com 2024, which may be provided upon request. Forecasts are inherently limited and cannot be relied upon. For informational purposes only and should not be considered investment advice or a recommendation to buy, sell, or hold any particular security. Past performance is not indicative of future results.