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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 ) 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 ), Iridium Communications ( IRDM ), Dish Network ( DISH ) and Garmin ( GRMN ).

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

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

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The Boeing Company (BA): Free Stock Analysis Report

Northrop Grumman Corporation (NOC): Free Stock Analysis Report

Teledyne Technologies Incorporated (TDY): Free Stock Analysis Report

DISH Network Corporation (DISH): Free Stock Analysis Report

Garmin Ltd. (GRMN): Free Stock Analysis Report

Inmarsat PLC (IMASY): Free Stock Analysis Report

Iridium Communications Inc (IRDM): Free Stock Analysis Report

SPDR S&P Kensho Final Frontiers ETF (ROKT): ETF Research Reports

Procure Space ETF (UFO): ETF Research Reports

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: Investing , ETFs
Referenced Symbols: BA , NOC , TDY , DISH , GRMN



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