ETFdb Logo
  • ETF Database
  • Channels
    • Themes
      • Active ETF
      • Alternatives Channel
      • Artificial Intelligence
      • China Insights
      • Climate Insights
      • Core Strategies
      • Crypto
      • Disruptive Technology
      • Energy Infrastructure
      • ETF Building Blocks
      • ETF Education
      • ETF Investing
      • ETF Strategist
      • Faith-Based Investing
      • Financial Literacy
      • Fixed Income
      • Free Cash Flow
      • Innovative ETFs
      • Invest Beyond Cash
      • Leveraged & Inverse
      • Modern Alpha
      • Portfolio Strategies
      • Tax Efficient Income
    • Asset Class
      • Equity
        • U.S. Equity
        • Int'l Developed
        • Emerging Market Equities
      • Alternatives
        • Gold/Silver/Critical Materials
        • Crypytocurrency
        • Currency
        • Volatility
      • Fixed Income
        • Investment Grade Corporates
        • US Treasuries & TIPS
        • High Yield Corporates
        • Int'l Fixed Income
    • ETF Ecosystem
    • ETFs in Canada
    • Market Outlook
    • Crypto ETF Hub
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Database Categories
    • Indexes
    • Scenario Analysis
    • Watchlists
    • Head-To-Head ETF Comparison Tool
    • Mutual Fund To ETF Converter
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
  • Research
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF of the Week Podcast
    • Gaining Perspective Podcast
    • ETF Prime Podcast
    • Video
  • Company
    • About VettaFi
    • Get VettaFi’ed
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. UFO Moves Through Increasingly Crowded Space
News
Share

UFO Moves Through Increasingly Crowded Space

James ComtoisJan 12, 2022
2022-01-12

Space is getting very crowded. In addition to several CEOs (and one actor) racing up to the stars, one such billionaire business owner is being accused of overstuffing the immediate space around the planet — otherwise known as low Earth orbit — with too many satellites.

A report from the Wall Street Journal states that in less than three years, SpaceX, Elon Musk’s private space company, has launched about 1,800 satellites around the globe to build a network called Starlink, a project designed to bring high-speed internet to the world. But rivals in other countries are complaining that these satellites are endangering other spacecrafts. Musk himself has dismissed such claims, telling the Financial Times: “Space is just extremely enormous, and satellites are very tiny,” before adding: “We’ve not blocked anyone from doing anything, nor do we expect to.”

Whether Musk is right about his competitors making much ado about nothing, or his detractors are correct in accusing him of overcrowding Earth’s orbit, is not the point. What this does indicate, however, is that the space industry is filling up fast, and that this industry isn’t just about exploration. Those looking to blast off to companies engaged in space-related activities — including satellite and communication companies — could look into the Procure Space ETF (UFO B-), the world’s first global ETF to give investors pure-play access to the expanding space industry.

Launched in April 2019., UFO tracks the S-Network Space Index focuses on companies that are significantly engaged in space-related activities. Index constituents span multiple industries, including satellite-based consumer products and services, rocket and satellite manufacturing, space technology hardware, and space-based imagery and intelligence services.

Its top holdings are satellite and telecommunications network firms DISH Network Corporation (DISH), at 5.37%; SES S.A. (SESG), at 5.32%; Sirius XM Holdings Inc. (SIRI), at 5.17%; Maxar Technologies Inc. (MAXR), at 5.14%; and Viasat Inc. (VSAT), at 5.14%.

Approximately 80% of companies in the index derive the majority of their revenues directly from their involvement in the space industry, enabling investors to potentially capture this growing segment of the global economy. The Commerce Department is already throwing its support behind the American space industry with ambitious goals regulatory reform and promotional efforts.

UFO is the first product launched by ProcureAM, a new ETP issuer founded by innovative ETF entrepreneur Andrew Chanin and ETF industry luminary and veteran Robert “Bob” Tull, who has helped build and launch over 400 ETFs.

For more news, information, and strategy, visit ETF Trends.


Content continues below advertisement

» Popular Pages

  • Tickers
  • Articles

Jul 11

Main Management Market Note: July 11, 2025

Jul 11

Treasury Yields Snapshot: July 11, 2025

Jul 11

S&P 500 Snapshot: Index Retreats From Record High

Jul 11

Bitcoin's Real-World Utility: A Strategic Asset for U.S. Investors and Global Markets

Jul 11

Economic Crosscurrents in 2025: Inflation, Interest Rates, and Investment Strategy

Jul 11

June 2025’s Most Innovative ETF Launches

Jul 11

As Congress Mulls Muni Tax Repeal, Here's 8 ETFs to Ponder

Jul 11

Fidelity, T. Rowe Price, JPMAM Active International ETFs Outperform EFA

Jul 11

Market Update – July 11, 2025

Jul 11

Behind Buffer ETFs’ Latest First-of-a-Kind Strategies

QQQ

Invesco QQQ Trust Series I

VOO

Vanguard S&P 500 ETF

IBIT

iShares Bitcoin Trust ETF

SPY

SPDR S&P 500 ETF Trust

SCHD

Schwab US Dividend Equity ETF...

IVV

iShares Core S&P 500 ETF

AIQ

Global X Artificial...

SMH

VanEck Semiconductor ETF

FIAT

YieldMax Short COIN Option...

GLD

SPDR Gold Shares


Content continues below advertisement

Loading Articles...
Our Sites
  • VettaFi
  • Advisor Perspectives
  • ETF Trends
Tools
  • ETF Screener
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Database Pro
More Tools
  • Financial Advisor & RIA Center
Explore ETFs
  • ETF News
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Information
  • Contact Us
  • Terms of Use and Privacy Policy
  • © 2025 VettaFi LLC. All rights reserved.

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X