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PMGC asserts its three US-based precision manufacturers are ITAR-registered and AS9100-certified to serve a growing space economy. Citing a $613B market in 2024 and a potential $1.8T by 2035, PMGC signals a large growth runway, with space work at 5.7% of revenue over the last two years.
Positive long-term growth story from a diversified space-capable platform; potential for revenue and margin expansion if aerospace contracts scale. Historical analogs show stock re-ratings when suppliers in high-growth sectors reveal credible certifications and customer bases, though actual revenue realization remains key.
Bullish over 12โ24 months as space-market traction could lift ELAB's revenue mix.
Industry News reflecting strategic expansion into the space economy via a domestic precision-manufacturing platform; fits PMGC's growth narrative and potential impact on ELAB's valuation if space demand accelerates.