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UFO: Investing in the space economy

Procure Space (Ticker symbol UFO) is a little known Exchange Traded Fund (ETF) available to average investors that is the only such vehicle focusing mainly on the space industry. Created by ProcureAM, LLC the ETF trades on the NASDAQ stock exchange. The objective of the fund is to track the S-Network Space Index which is designed to measure the performance of companies engaged in space-related industries. In the future, additional companies engaged in other space-related industries may emerge and be added to the index. These industries could include space colonization and infrastructure, among others.

Procure Space ETF (UFO) portfolio breakdown by industry sector and country. Graphic credit: ProcureAM
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Pros and Cons of Trump’s Executive Order on Encouraging International Support for the Recovery and Use of Space Resources

SpaceWatch.Global examines arguments in support and against the EO. Christopher Johnson of Secure World Foundation states in the position in favor:

“The US would like to [be] the leading nation in the use of space resources. It’s worth noting that other States are also interested in space resources, such as Luxembourg, and others.”

On the side arguing against the EO, Dimitra Stefoudi of the University of Leiden says:

“Applied to outer space, the concept of global commons could be interpreted as prohibiting rights over resources found in that area, particularly for commercial purposes, and would be contrary to the US policy of promoting such rights for commercial actors.”

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Best practices and standardization for space operations

Since the USSR launched Sputnik in 1957, the number of satellites in LEO has grown leading to an increasing threat of collisions. The Space Safety Coalition, a confederation of voluntary participants, has established a set of guidelines to mitigate the risk of interruption of vital space services that could arise if collisions occur. The SSC published the Best Practices for the Sustainability of Space Operations in September 2019 with 42 recommendations affecting not only the design of spacecraft but on-orbit procedures to ensure long term safety and sustainability.

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Small sat news

The latest from SatSure on the rise of Newspace over the last decade, productizing geospatial analytics, investment strategies and more

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What’s missing from space exploration?

“Manufacturing” says Made in Space CEO Andrew Rush as quoted in the Jacksonville Daily Record. “You need a reason to go. Every frontier we’ve ever opened as a people was because there was an economic reason for us to go and live and work in that place … That’s what we think is the missing piece in space exploration, . . . that economically-focused motivator to go and innovate and do new things.”