Welcome to Thoughts on the Market.

I'm Adam Jonas, head of Morgan Sandley's Space and Global Auto and share mobility teams.

Along with my colleagues, bringing you a variety of perspectives, I'll be talking about

space and its connection to the next frontier of human innovation.

It's Tuesday, February 16th, at 11 a.m. in New York.

Imagine a world where all electronic communications were hackable or spoofable.

A world where all encrypted databases of historic information were decryptable and fully

discoverable, financial transactions, message logs, national security data, all for the

taking.

Now, ask yourself, do we already live in that world right now?

We're not trying to be alarmists, but more to raise awareness about what is potentially

the disruption of all disruptions, and that is quantum communication.

Right now, we're on the cusp of a major disruption in global communications and cryptography

based on the principles of quantum physics, where information is transmitted not by sending

strings of ones and zeros, but by sending individual particles of light photons.

By transferring information through entangled photons, we would be capable of sending data

over vast distances, instantaneously and most importantly, privately.

Now, while it may take well beyond a decade for the quantum internet to even begin to commercialize

at scale, this scientific race has already begun in stealth, and it is moving at the speed

of light.

And yes, that pun is intended.

Now, what many investors may not fully appreciate is how the fast growing space economy

...