Profit from the new space race

The US has opened up America's space exploration programme to private industry. And it's not only the US that's splashing out. Europe, Russia, China, Japan, India and the Middle East are all committing vast sums. Paul Hill examines the opportunities for investors.

President Obama recently threw open America's space programme to private companies announcing a 6% increase in NASA's five-year budget to $100bn. After years of keeping space travel the strict preserve of government, private space groups will now be encouraged to build and operate spacecraft of their own.

This is massive opportunity for us as investors. For the first time ever it will provide big business with the necessary funding, expertise and guaranteed work to transform the space industry in the same fashion as the airline sector took-off after the second world war.

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Paul gained a degree in electrical engineering and went on to qualify as a chartered management accountant. He has extensive corporate finance and investment experience and is a member of the Securities Institute.

Over the past 16 years Paul has held top-level financial management and M&A roles for blue-chip companies such as O2, GKN and Unilever. He is now director of his own capital investment and consultancy firm, PMH Capital Limited.

Paul is an expert at analysing companies in new, fast-growing markets, and is an extremely shrewd stock-picker.