Linde plc (LIN) Announces Major Investments to Support Commercial Space Sector in U.S.

Linde plc (NASDAQ:LIN) is among the 13 Best Global Stocks to Buy Right Now. On July 21, the company announced two major investments to support the commercial space sector in the United States.

Linde plc (LIN) Announces Major Investments to Support Commercial Space Sector in U.S.

A satellite being released from a launch vehicle, heading into space.

Under the first agreement, the industrial gas giant will significantly expand its facility in Mims, Florida, where the company provides vital liquid oxygen and nitrogen for rocket launches at nearby facilities. The new capacity is expected to commence during the first quarter of 2027. It builds on Linde plc (NASDAQ:LIN)’s earlier expansions at Mims in 2020 and 2024.

The company’s second investment involves building an air separation unit in Brownsville, Texas, to deliver liquid oxygen, argon, and nitrogen for an unnamed customer’s space operations needs in the region. Linde plc (NASDAQ:LIN) will own and operate the unit, which will expand the firm’s merchant capacity across the state and further enhance its network of industrial gas infrastructure.

Linde plc (NASDAQ:LIN) gained 1.17% on Monday following the announcement to close at $470.43 per share, taking the year-to-date returns to over 12%.

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