We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Amazon.com, Inc. (AMZN) - free report >>
Tesla, Inc. (TSLA) - free report >>
Viasat Inc. (VSAT) - free report >>
Gilat Satellite Networks Ltd. (GILT) - free report >>
Image: Bigstock
Can Cathie Wood Send Space ETFs to the Moon?
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 - Free Report) and devote more time and energy into other passions like Blue Origin, his space company. Tesla (TSLA - Free Report) 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 - Free Report) and Maxar Technologies 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 - Free Report) , the world’s first pure-play space ETF, tracks an index developed by Micah. Loral Space & Communications , Gilat Satellite Networks (GILT - Free Report) , Viasat (VSAT - Free Report) , 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.
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 >>