In the race to the moon between the U.S.A. and U.S.S.R., hundreds of billions of dollars will be spent in the next decade or so on projects which, only a few years ago, would have sounded like things existing only in science fiction. For the wise investor, this is a good thing because it opens up one more investment field.

Leading this dramatic journey into space are companies mostly operating in the aircraft-turned-missile industry. It’s rather ironic that the nation’s most glamorous projects are predominantly in the hands of companies with their bread-and-butter business formerly or still in building planes, the very opposite of glamour. That’s why the new Space Age has opened up exciting but highly speculative industry horizons.

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