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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 the final frontier.
On May 30, Elon Musk’s SpaceX became the first private company to launch humans into space. It was also the first launch of NASA astronauts from the US soil in almost a decade.
What does the success of this mission mean for the future of NASA’s commercial crew program partnership with SpaceX and Boeing (BA - Free Report) , and space tourism? Richard Branson’s Virgin Galactic (SPCE - Free Report) and Jeff Bezos’ Blue Origin are planning to send paying tourists to the edge of space in the coming months.
Virgin Galactic, which became the first space tourism company to go public, had seen its stock soar earlier this year. It has been very volatile since then. Branson’s Virgin Group had to give up its majority stake in the company to fund other Virgin businesses hit by the pandemic. What lies ahead for the Virgin Galactic stock?
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 - Free Report) , the world’s first pure-play space ETF, tracks an index developed by Micah. Maxar Technologies , DISH Network and Garmin (GRMN - Free Report) are among its top holdings.
Please listen to 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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SpaceX Launch, Virgin Galactic, UFO ETF & More
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 the final frontier.
On May 30, Elon Musk’s SpaceX became the first private company to launch humans into space. It was also the first launch of NASA astronauts from the US soil in almost a decade.
What does the success of this mission mean for the future of NASA’s commercial crew program partnership with SpaceX and Boeing (BA - Free Report) , and space tourism? Richard Branson’s Virgin Galactic (SPCE - Free Report) and Jeff Bezos’ Blue Origin are planning to send paying tourists to the edge of space in the coming months.
Virgin Galactic, which became the first space tourism company to go public, had seen its stock soar earlier this year. It has been very volatile since then. Branson’s Virgin Group had to give up its majority stake in the company to fund other Virgin businesses hit by the pandemic. What lies ahead for the Virgin Galactic stock?
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 - Free Report) , the world’s first pure-play space ETF, tracks an index developed by Micah. Maxar Technologies , DISH Network and Garmin (GRMN - Free Report) are among its top holdings.
Please listen to 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.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>