Neuberger Space Fund Seeks Opportunities in Europe Amid SpaceX Excitement

Neuberger Berman's space-focused equity fund, managed by Evelyn Chow, is seeking more affordable investment opportunities in Europe as the anticipated initial public offering of SpaceX in the United States drives up sector valuations. The fund assesses that European space companies trade at lower valuations compared to their US counterparts. SpaceX's high valuation in private markets has increased demand for shares of US space companies. This has been a key factor directing Chow's fund toward the European market. The fund manager notes that space technology firms operating in Europe trade at more reasonable price levels than their US peers. Chow states that Europe offers attractive entry points in the space sector, particularly in sub-segments such as satellite manufacturers and launch service providers. The fund aims to diversify its portfolio by evaluating the growth potential and competitive advantages of companies in this region. The space sector continues to grow with both private and public investments in recent times. Neuberger Berman's move is seen as part of a geographic diversification strategy in global space investments. The fund is also closely monitoring the regulatory environment and government support in Europe. This is not investment advice.