By Christopher Kuo
Industrial gases provider Linde plans to increase investments in its space sector, the company's chief executive said Thursday.
Much of the investment will go towards supporting rocket launches in Florida and Texas. Linde manufactures the industrial gases, like liquid oxygen and hydrogen, that help propel these rockets into space.
"I'm looking forward to having a billion-dollar business here," CEO Sanjiv Lamba said on a conference call.
On average 65% to 75% of rocket launches in the U.S. are supplied by Linde, Lamba said. In January, the company opened a plant in Brownsville, Texas to increase its gas-manufacturing business. The facility is located near SpaceX's Starbase operation in southern Texas.
In the fourth quarter, the company's sales increased 6% from the prior year, fueled by higher pricing and productivity growth.
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(END) Dow Jones Newswires
February 05, 2026 11:22 ET (16:22 GMT)
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