Can Cathie Wood Send Space ETFs to the Moon?

Neena Mishra
·2 min read

  • (1:00) - Rover Landing On Mars: What Is Nasa Looking To Accomplish?

  • (6:10) - What Can We Expect From The New Presidential Administration and Nasa?

  • (9:50). - Billionaire Space Race: Who Is Winning?

  • (22:45) - Will Investors See Private Space Companies Go Public Anytime Soon?

  • (27:30) - Procure Space ETF: UFO

  • (36:00) - What Should Investors Know About The Upcoming Space Exploration ETF From ARK?

  • Podcast@Zacks.com

 

In this episode of ETF Spotlight, I speak with Andrew Chanin, CEO of ProcureAM, and Micah Walter-Range, founder of Space Investment Services, about investing in space.

NASA’s fastest and most ambitious rover so far—Perseverance—landed on Mars last week, after a seven-month long journey. We discuss its mission.

Jeff Bezos announced last month that he would step down as CEO of Amazon AMZN and devote more time and energy into other passions like Blue Origin, his space company. Tesla TSLA CEO Elon Musk’s SpaceX is now reportedly worth $74 billion. Who’s winning the billionaire space race?

Cathie Wood’s ARK Invest filed for the ARK Space Exploration ETF (ARKX) last month. The announcement sent space stocks like Virgin Galactic SPCE and Maxar Technologies MAXR skyrocketing.

The global space industry could generate revenue of $1.1 trillion or more in 2040, up from approximately $350 billion in 2018, according to Morgan Stanley. Bank of America estimates the space economy to grow to $3 trillion by that time.

The Procure Space ETF UFO, the world’s first pure-play space ETF, tracks an index developed by Micah. Loral Space & Communications LORL, Gilat Satellite Networks GILT, Viasat VSAT, Virgin Galactic and Maxar Technologies are its top holdings. Tune into the podcast to learn more.

Make sure to be on the lookout for the next edition of ETF Spotlight and also make sure to subscribe! If you have any comments or questions, please email podcast@zacks.com.

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Viasat Inc. (VSAT) : Free Stock Analysis Report
 
Gilat Satellite Networks Ltd. (GILT) : Free Stock Analysis Report
 
Maxar Technologies Inc. (MAXR) : Free Stock Analysis Report
 
Loral Space and Communications, Inc. (LORL) : Free Stock Analysis Report
 
Virgin Galactic Holdings, Inc. (SPCE) : Free Stock Analysis Report
 
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