SpaceX launched as the biggest IPO in history last week, officially igniting the space economy.

But what exactly is the space economy? Is it about astronauts and space stations? Exploration and research? Infrastructure and defense? Morgan Brennan, anchor of CNBC’s Morning Call and host of the podcast Manifest Space, says it’s all of the above and so much more.

On this episode of The Important Part: Investing with Liz Thomas, Liz and Morgan discuss how this historic IPO will transform the market and upcoming highly anticipated public offerings.

Morgan emphasizes long term mindset investors will need to go in on space – think decades and generations, not months and years. Morgan also breaks down how the private sector has transformed space exploration, how innovation happening in low earth orbit is changing lives today, and how all Elon Musk’s companies are building towards the grand vision of putting a million humans on Mars.

For more, read Liz’s column every Thursday at On The Money by SoFi, and follow Liz on Twitter @LizThomasStrat.

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