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Space ETFs: Explore the Final Frontier

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Space has always captured our imagination and now there are ETFs that provide exposure to this exciting theme.

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

Space tourism is no longer science fiction and even mars colonization, space-based manufacturing and asteroid mining could become real things in the coming years.

However, some of the most high-profile companies in this industry such as Elon Musk's Space X and Jeff Bezos' Blue Origin are privately owned and not accessible to retail investors. Richard Branson's Virgin Galactic is preparing to go public soon.

The Procure Space ETF (UFO - Free Report) is the first pure-play space ETF. It holds companies that generate a significant portion of their revenue from space related businesses. Its top holdings include Inmarsat (IMASY - Free Report) , Iridium Communications (IRDM - Free Report) , Dish Network (DISH - Free Report) and Garmin (GRMN - Free Report) .

The SPDR S&P Kensho Final Frontiers ETF (ROKT - Free Report) holds companies associated with exploration of outer space and deep sea. Its top holdings include Boeing (BA - Free Report) , Northrop Grumman (NOC - Free Report) and Teledyne Technologies (TDY - Free Report) .

To learn more about these ETFs, please watch the short video above.

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