But I think that, because the cost of getting to space is significantly lower, that we could see a whole new wave of consumer products. December 2020. So, that might change where we start to see more physical products but right now, communications has been a very big driver. So, tell us about UFO, what is it, what makes it unique and what's its methodology? *This Interactive 3D Simulation is built on data provided by NASA JPL HORIZONS database for solar system objects and International Astronomical Union's Minor Planet Center. By Sebastian Kettley PUBLISHED: 15:27, Sun, May 31, 2020 Michael ... invest right now. And some of the technologies that we develop there might actually be things that we're able to bring back here and implement on Earth. So, how space is currently affecting us today and how we're utilizing space, predominantly comes from the communications side. And it was tough to see how much benefit we got from that. And we have now been building and deploying satellite jamming defense capabilities for the Space Force. Joining me today to break down the ins-and-outs of investing in the global space economy is Andrew Chanin, the Co-Founder and CEO of ProcureAM, the issuer behind the world's first pure-play space ETF, trading under ticker UFO. She still managed to cast a vote. Distances and speeds are estimates based on this data. So, where some might say, "Okay, well, now the coronavirus is something that's distracting people, we're going to have to take some of that budget away and some of that spending away and put our goals and initiatives on the backburner until we figure out how to cure coronavirus," we're actually seeing the opposite. And ETFs in the early days were, kind of, mimicking exposures that you could get to broad-based index funds and then they started getting even more interesting getting into different asset classes, like, fixed income and commodities and it really allowed retail investors to get exposure to asset classes that institutional investors and money managers were pretty much the only players able to get those exposures. Just one of those ideas is agriculture. NASA Officially Lists Elon Musk's Floating Tesla Roadster As a Celestial Object The batteries on the Roadster have been empty since about 12 hours after launch, according to Elon Musk in a post-launch briefing at Kennedy Space Center, shortly after launch. So, people that want to get exposure to space can buy one share of UFO and essentially, you're getting exposure to currently 29 publicly traded companies from around the world doing all different types of things space related.
And most recently with ETF industry veteran and legend, Bob Tull, we created a company called ProcureAM.
Credit: NASA TV.
Listeners, that does it for this episode of Industry Focus. Chanin: And ETF can take many different forms. With how popular “Starman” and the Roadster already were, visualizations like these allow for the possibility of further sparking the enthusiasm of the public in human spaceflight. Chanin: Well, thank you.
I have to admit, Virgin Galactic is my guilty pleasure stock. Returns as of 10/28/2020. So, I'd love to know just a little bit about yourself, what made you and your company interested in the opportunities for "space?". So, there are opportunities for people to get exposure to the space industry today by investing in the fund. But I think space will affect us continuously from ways that we don't see and don't understand. Flippen: I'm so happy that you mentioned Virgin Galactic, because I think if we didn't talk about it, I'd have countless [laughs] emails in my inbox afterwards.
But one of the important things is a lot of, kind of, space activities that people are familiar with come from aerospace and defense companies, but to us, it was very important to come out with a pure play weighted fund. And so, when we actually met Micah, a former Director of the Space Foundation and got to kick the tires on the index and work on a whole bunch of stuff to really make it ready for an ETF. And at the same time, we wanted to create something that was different. Emily Flippen: It's Tuesday, May 5th, and I'm your host, Emily Flippen. So, if we completely over-weighted this fund with companies that are in the aerospace and defense industry, someone would say, "Why don't I just invest in an aerospace and defense fund?"
And then another factor is increased technology from satellites and what their capabilities are.
Stock Advisor launched in February of 2002. --,--- But then, beyond just policy and government spendings and initiatives, we're also seeing technological breakthroughs.
Ever since the end of the Space Race of the mid-20th century, in which countries around the world went all in on going to the cosmos, the general interest of space exploration and astronomy has decreased—but thanks to minds like Elon Musk, that has started to change in recent years, and will continue to change. They take a deep dive into the space industry and how it has changed since its commercialization. 3.
So, two things that come to mind are, first, reusable rockets. And you did, kind of, mention when the ETF was there as a rapper. For Andrew Chanin, I'm Emily Flippen, thanks for listening and Fool on! --,---,---
So, it's a living, breathing fund that people can buy when they're ready to buy it. To help cover costs associated with hosting and running the site, some limited advertisements are used. Since last night he has gotten And if we can figure out how to grow plants on the moon and feed colonies and people there, there's a good chance that we're able to use those same technologies and go to remote places on our planet and help feed those where typically they may have been unable to produce agriculture.
And there are these major transformational technologies that are being developed that we're using on earth that are actually being powered by space technologies as well. And we've noticed since coronavirus has stricken the U.S. as well as the world, we've actually pushed forward with the Space Force. Andrew Chanin: I'm thrilled to be here; thanks for having me.
It is So, at the end of the day you're saying, why am I allocating to this fund to get this theme, when I'm really not getting that exposure I was hoping for. closer. Space is increasingly becoming a place of business and there are a few ways you can invest right now. And where governments and government agencies, such as NASA and the likes, represented almost 100% of the spending on the space industry, back in the early days, they now represent closer to only 20%. And there are so many ways that the space industry can go and grow in the future, you mentioned Virgin Galactic which is the first pure play space tourism company. 4. Crowded Space Station: There Are 9 People from 4 Different Space Agencies in Orbit Right Now By Doris Elin Urrutia 30 September 2019 It's a bit crowded at the International Space Station right now. around the sun, which is Chanin: Yeah, looking at volatility of general markets, you know, although UFO might not be extremely correlated specifically with any one other index out there, when you see major changes going on in volatility, sometimes the baby is thrown out with the bathwater, and, you know, things do become more correlated.
Learn about the opportunities it presents now and in the future, the cost savings, how space technologies are helping to develop technologies back on Earth, and much more. In the early days of the space program, it was almost like a vanity project, you know, it was, OK, which country can do X, Y or Z first, and it was, send someone into space and orbit the Earth and land someone on the moon. So, if you use your Uber. So, a really interesting and growing vehicle and one that we're seeing start to spread all around the world with trillions of dollars invested into ETFs, both, domestically and globally. Flippen: Wow!
It has since been updated to include the most relevant information available. Those are some very real and very exciting tailwinds. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Interestingly, a 2018 study highlighted that there is a 6% chance of the Roadster colliding with the Earth over a 3 million year timespan, and a 3% chance that it will collide with Venus. So, predominantly you're getting these pure play names, but you also do get some diversified exposure to these diversified aerospace and defense companies. So, GPS technology is a space-based system and service. In February 2018, Elon Musk did what’s never been done before: he launched a Cherry Red Tesla Roadster into space to the tune of David Bowie’s “Space Oddity”. Shortly after the launch, he discussed that the purpose of the stunt was to ultimately get people interested and enthusiastic in space exploration. So, there's this interesting support still from government-to-government agencies, but the commercialization of space has transformed the industry completely. Starman is currently While there's very little fundamentals, it is the only publicly traded space tourism play in the market right now. So, for us that was a real differentiator.
That said, what we've been really impressed by is how governments have actually continued to push forward on their various space initiatives. . Chanin: Space has been an industry for many years; however, it has changed dramatically from the early days of the space program. Since you started looking at this page he has travelled Being in an ETF gives people the diversification to have the exposure to many different companies specializing in different areas. Tesla in Space: Track Cosmic Journey of Elon Musk's Roadster and Starman Passenger
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