UFO is usually not limited to U.S. companies, Chanin noted. He said he believes of which investors need to “access This kind of industry by investing in global companies,” so UFO “opens up the universe, pun intended, of companies of which can be included.” The ETF includes everything through satellite communications companies – such as Iridium, Inmarsat, SES – to industrial manufacturers – Harris, Airbus – along with more.
The emphasis on largely “pure play” companies is usually key along with Chanin touted UFO as having an advantage in of which regard. Large aerospace along with defense companies like Boeing along with Lockheed Martin have space businesses generating billions of dollars yet are a modest piece of the contractors’ overall pies. Chanin pointed to Boeing’s stock slide following its issues with the 737 MAX aircraft as an example, saying of which space investors wouldn’t want too much exposure.
“of which caused a massive hiccup to the stock, along with of which is usually something independent of their various space programs,” Chanin said of Boeing.
The index is usually also “today the official benchmark of the space industry by the Space Foundation,” Chanin said. The Space Foundation is usually a nonprofit organization, which also hosts one of the globe’s most widely attended space conferences in Colorado. UFO’s index is usually also the first ever “Space Foundation certified space data product,” Chanin added.
Investment continues to flow at a breakneck pace into these private space companies. Space Angels, a brand-new York-based investment firm, released a report last week of which more than $20 billion has been invested over the past decade into 435 space companies. Space investments have only accelerated, as the first quarter of 2019 saw 29 rounds of fundraising send $1.7 billion of equity into companies, according to Space Angels – nearly double the previous quarter.
SpaceX, OneWeb, Amazon along with more are pouring resources into developing ambitious satellite internet networks, which Space Angels pointed to as a major driver of recent investment.
“If the first quarter is usually any indication, 2019 is usually going to be another massive year for the Space economy,” Space Angels said inside report.
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