economy
SpaceX’s blockbuster IPO is coming. This overlooked industrial company will be a big winner
Club name Linde has been labeled "the Exxon of space."
TL;DR
- SpaceX's planned record-breaking IPO is expected to significantly benefit industrial gas supplier Linde.
- Linde provides essential gases like liquid oxygen, nitrogen, and helium for rocket propulsion, spacecraft manufacturing, and testing.
- The company has a long history in the space industry, dating back to NASA's Apollo program.
- Linde is investing in new production facilities, including a $100 million plant in Texas near SpaceX's operations.
- The growth in commercial space launches, driven by companies like SpaceX and investments in satellite internet, is fueling demand for Linde's products.
- Analysts predict Linde's commercial aerospace business could double in size in the near future.
- Linde's space business, though currently a small part of its revenue, is experiencing strong double-digit percentage growth.
- The industrial gas sector is consolidated, with Linde being one of the few major global players.
- Increased private investment in the space industry has led to a surge in launch activity, benefiting suppliers like Linde.