Investing in Space -- Do's and Don'ts in $400 Billion Industry

Credit: The Street
Published on July 19, 2019 - Duration: 01:04s

Investing in Space -- Do's and Don'ts in $400 Billion Industry

There's no need to fly to space.

Just invest in it.

But how?

A big portion of the $400 billion 'space industry' is captured in indirect ways, meaning that many companies whose revenues are part of that $400 billion pie are merely exposed to space.

Not all of these companies are necessarily 'space companies.'

Newly launched Procure AM space ETF, under the ticker , holds many companies more directly tied to space, but also holds very diversified names such as Honeywell , Boeing , AT&T , Dish and Sirius .

Founder and CEO of the ETF, Andrew Chanin, explained that figuring out which companies will take the most market share in space related activities may be a fools errand.

The thing to do is to get broad exposure to a total business that is growing at 8% per year.

"What is the biggest risk for investors to get exposure to space?

It may actually be company risk," Chanin said.

"When you look at what every company is doing and where they are today and where they're going in the future, there's a huge gap between getting from point a to point B and if you pick just one company, they may be successful, they may not, which is actually why we created UFO as a diversified way for individuals to get global exposure to this growing space economy." Find out if Honeywell is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio.

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