Real estate investors eye space economy as the new frontier

The move highlights a growing trend of investment in real estate tied to the space economy, CNBC reported.

“We are in the early days of something that will be some major investments, and we’re creating these new rails of the future,” David Steinbach, global chief investment officer at Hines, told CNBC. “In this case, it’s more into orbit instead of on the ground, but when you think about it that way, think about all the nodes that are going to get developed and created.

“It’s exciting, and I think investors need to be thinking that way.”

Steinbach compared the moment to the expansion of railroads in the 19th century. He believes that infrastructure on Earth will be critical for supporting lunar and deep space missions — including manufacturing on the…