The flood of young companies into the $400 billion space industry is sparking investor interest but there's a common issue.
The flood of young companies into the $400 billion space industry is sparking investor interest but there's a common issue: A lack of public U.S. companies that generate the majority of revenue from space business.
"Although there might be private companies that are working on new technologies, it's really difficult to get access unless you're an extremely affluent investor," Chanin said. UFO is not limited to U.S. companies, Chanin noted. He said he believes that investors need to"access this industry by investing in global companies," so UFO"opens up the universe, pun intended, of companies that can be included." The ETF includes everything from satellite communications companies – such as Iridium, Inmarsat, SES – to industrial manufacturers – Harris, Airbus – and more.
The index is also"now the official benchmark of the space industry by the Space Foundation," Chanin said. The Space Foundation is a nonprofit organization, which also hosts one of the world's most widely attended space conferences in Colorado. UFO's index is also the first ever"Space Foundation certified space data product," Chanin added.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Europe invested $30 billion in new wind farms last year, report showsIn total, the wind industry invested 65 billion euros in Europe last year, according to the Financing and Investment Trends report.
Leer más »
Blockchain’s Billion Dollar Babies, Tesla's Pricing Problems, ETF Alchemists Cook Up Space-Themed Trackers: Your Daily Dozen Briefing
Leer más »
Road to approval for US biotech crops in China beset with massive delays, costing industry billionsChina's approval process for biotech crops is beset by regulatory hurdles and delays that have cost U.S. companies billions of dollars and added to challenges for American farmers.
Leer más »
Lincoln reveals new Corsair SUV at New York auto show, targeting fast-growing segmentFord's premium brand continues its hard lean into its heritage by bringing plush and quiet interiors into the growing small SUV market.
Leer más »
Sanctioned Russian oligarch's company to invest millions in new aluminum plant in Mitch McConnell's stateMcConnell was among the advocates for lifting sanctions on Oleg Deripaska's company Rusal.
Leer más »
BP, SOCAR sign deal to invest in new Azeri oil exploration platformOil major BP and Azerbaijan's state energy company SOCAR signed an investme...
Leer más »
Goldman Sachs' search for new clients could see it working with cemeteries and Native American reservations as it looks to grow a $35 billion businessUnder CEO David Solomon's direction, Goldman is seeking to grow its entire wealth management business, including its nonprofit asset management arm.
Leer más »
Social media firms told not to let children use the 'like' button in new UK proposalsThe UK's data body has warned companies not to use 'positive reinforcement techniques' that encourage children to stay on social media, so the site or app can collect data on them. These methods include 'likes' and 'streaks,' a Snapchat function.
Leer más »
Amid growing concern over ride-share safety, Lyft announces new security featuresJust weeks after the death of a University of South Carolina student who was killed after getting into a car that she believed was her Uber, other ride-share companies are increasing their security features.
Leer más »