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UFO is not limited to American companies, noted Chanin. He said that he believed that investors should "access this industry by investing in global companies", so that UFO "opens up the universe, in the intended sense of the game, companies that can be included. " The ETF brings together many players ranging from satellite communications companies – such as Iridium, Inmarsat, SES – to industrial manufacturers – Harris, Airbus – and many others.
It is essential to focus on "purely modest" societies and Chanin baderted that UFOs have an advantage in this regard. Major aerospace and defense companies, such as Boeing and Lockheed Martin, have space-generating activities generating billions of dollars, but are only a small part of the entrepreneurs' pie. Chanin cited the Boeing Stock slide as an example of his problems with the 737 MAX aircraft, saying that space investors would not want to be too exposed.
"This has caused a huge hiccup in the stock, and it's something independent of their various space programs," Chanin told Boeing.
The index is also "now the official reference of the space industry by the Space Foundation," Chanin said. The Space Foundation is a nonprofit organization that also hosts one of the world's most attended space conferences in Colorado. The UFO index is also the very first "spatial data product certified Space Foundation," added Chanin.
Investments continue to flow at a furious pace in these private space societies. Space Angels, a New York-based investment firm, released a report last week that more than $ 20 billion has been invested over the past decade in 435 space companies. Investments in space have only accelerated since, in the first quarter of 2019, 29 fundraisers have sent $ 1.7 billion of equity shares to companies, according to Space Angels – or double the previous quarter.
SpaceX, OneWeb, Amazon and more are dedicating resources to the development of ambitious satellite Internet networks, which Space Angels has named as a major driver of recent investments.
"If the first quarter is an indication, 2019 will be another mbadive year for the space economy," Space Angels said in its report.
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