The Procure Space ETF (UFO) gives investors a single ticket entry into the space sector and its economy. The ETF, launched in 2019, includes companies present in satellite telecommunications, rocket development, earth observation, lunar exploration, and more. The companies include many recently notable names in the space industry, such as Rocket Lab Corp (RKLB), Planet Labs PBC (PL), and Intuitive Machines Inc (LUNR). UFO’s portfolio is notable for being more international than its peers, with US exposure being about 71% and the rest of the fund allocated to Japan, Canada, and the Netherlands, allowing investors to tap into the combined strength of component suppliers in Japan and satellite operators from Europe.
Stock Pick of the Week (5/18)
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