The guarantee of space travel is rapidly evolving into an investment reality. What was once "the final frontier" will soon be where astronauts and well-heeled tourists will frequent.

For years, Elon Musk's SpaceX program seems to always grab the headlines, but numerous operators now function in the contemporary space race. Among others, NASA's Artemis program hopes to permanently return astronauts to the moon, and Jeff Bezos' Blue Origin expects to direct the pack of companies bringing tourists to space. 

Currently, the public trading of many space companies is difficult to navigate. However, many other companies play featured and supporting roles in these and other space missions. 

So which space companies should you consider investing in? Below we will discuss the five best companies to support in 2022

Totum Labs 

Totum Labs uses an innovative Doppler Multichannel Spread Spectrum (DMSS). The satellite startup Totum Labs has produced a global tracking chip to monitor any object anywhere in the world.

This includes indoors and outdoors.

In September, the company concluded the indoor operation of its tracking solution, so  it will communicate with its satellite in low Earth orbit (LEO) and an object in an office building in San Diego. 

Therefore, they have combined worldwide satellite reach with indoor coverage. Totum provides a unique connectivity solution for supply-chain monitoring, and the answers to supply chain hurdles will help with agriculture, transportation, and other markets. The company has already booked roughly 2 million advance orders.

Kensho Final Frontiers ETF 

Since space tourism is still relatively new and the investment options in space stocks are still limited, buying an exchange-traded fund might be a suitable option. Rather than speculating which companies will be the ultimate winners, an ETF allows you to diversify your space investments among several companies. 

The Kensho Final Frontiers ETF does just that, currently holding 29 securities. The one drawback for pure space investors is that this ETF considers deep space and deep-sea to be "final frontiers." Hence, in addition to investing in space companies like Boeing and Virgin Galactic, the fund owns companies such as TechnipFMC, an energy company. 

Iridium Communications 

Iridium Communications might not possess the same razzle-dazzle as some space tourism companies. However, it is one of the few with the infrastructure already in space. Iridium maintains a fleet of 66 satellite orbiting and operational satellites, providing communications services ranging from satellite phones to broadband. 

Iridium Communications is poised to profit if you believe in expanding the "internet of things," which seems inevitable. Although the company is still functioning at a net loss, it did improve net billable subscribers by 14% over the past year. 

Astroscale 

The Japanese startup Astroscale is the industry forerunner in orbital sustainability. It debuted a new universal docking device in November.

With this attachment, the docking device can help capture satellites at the end of their missions. The designed device is utilized by all satellites in low Earth orbit (LEO). Therefore, it will include a standardized interface that can function with both robotic and magnetic capture mechanisms. 

Astroscale's new technology is the development of its end-of-life services for satellites. Therefore, when it successfully demonstrated satellite-capture technology in August, it had shown success in limiting space debris. 

The contemporary docking device is presently experiencing testing in LEO. Astroscale has raised more than $300 million, including $109 million in its most recent round of funding in November.

Nova Space 

Nova Space is setting the standard for professional space development and training. The brand awareness might be limited in comparison to Space X or some of the companies mentioned above, but it's perhaps the best space stock to invest in. 

The previous 50 years of experience will define the company's space legacy as it eventually trains everyone in the space industry. Nova Space will be training the ones producing the best and most enormous rockets. However, it is developing the culture inside the community by building the best space technology.

Nova Space's professional course is perfect for any novices to space experts. The courses range from space operations management to engineering. 

These designed courses provide confidence to organizations and individuals with powerful modules based closely on government and industry requirements.

Conclusion

If you are interested in investing in the space industry, you need to know who the big players are. It is easy to find Elon Musk and Jeff Bezos investing in the space industry. However, finding other worthy companies to support is a little more complicated.

Therefore, we provided you with an article on five of the best space industry to invest in 2022 and beyond. If you want to invest in the space industry, you cannot go wrong with Totum Labs, Kensho, Iridium, Astroscale, or Nova Space. 

Keep an eye on future space developments here.