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Guest: Andrew Chanin; Topics: Procure Space ETF, ETF as an investment vehicle, trends driving the commercial space industry, global space investments, the S-Network Space Index and more.
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We welcomed Andrew Chanin back to the program to discuss Exchange Traded Funds (ETF) and in particular the Procure Space ETF. We spent several minutes getting reintroduced to exchange traded funds, the unique features of the Procure Space ETF, the differences between a mutual fund and an ETF, plus many other characteristics of an ETF with a focus on space companies. Andrew provided us the listing requirements to be considered for an ETF, he talked about the S-Network Space Index which is the only Certified Space Data Product for investment analysis. Andrew responded to several listener questions regarding this type of investment opportunity during this early part of our discussion. Andrew did make a point and I highlighted it as well in that in just about two years of existence, the Procure Space ETF has grown to more than $100 million in assets! I asked Andrew how that was possible, especially given the pandemic. Don't miss how he answered that question.
In terms of the impact upon space from the pandemic, Andrew pointed out that some of the impact was positive. Don't miss what he said about enhancing communications, satellites, bandwidth, connectivity, ground stations, and opportunity in many related fields and disciplines. As you will hear and come to understand, space has been a strong connecting component to facilitate growth of many businesses and industries to more closely fit into our "new" pandemic economy and workplace changes.
Later in the program our guest was asked what was driving the huge interest and performance of the commercial space industry with a focus on NewSpace opportunities. Our guest listed and then discussed three primary drivers including our continued use and reliance on satellites and related infrastructure. As you will hear, changes implemented due to the pandemic have fueled both interest and growth in all aspects of satellite communications. Another factor has been the continuation of our seeing lower space hardware and space access costs. This has been across the board so do listen to what he said about price lowering and the impact it has had and is having on commercial space and investment trends. The third factor he mentioned was the rapid growth of international competition. Such competition is not limited to countries but as Space Show listeners know from the programming we did during 2020, there have been many strongly financed and advanced tech satellite and communication companies in Europe and elsewhere entering the broadband, 5g, and other parts of the industry. Andrew pointed out just how and why competition is good for the overall industry and the companies engaging in new, inspiring and challenging commercial space businesses. This speaks to added value for a global ETF.
Andrew was asked about emerging markets, startups being listed in an ETF and why not list SpaceX in an ETF even though it is not publicly traded. Virgin Galactic was the subject of several listener questions plus listeners asked Andrew logistic questions such as how one can invest in an ETF. Another listener asked for Andrew's opinion on the space tourism market now and in the near term. Throughout the program Andrew addressed the need to maintain space leadership plus he talked about others wanting to usurp that role from the US, specifically China. Don't miss these discussions which point out the nature of the space race the US is in with other nations, particularly China. Before ending, Andrew was asked to tell us what commercial space and investing might look like 5 years from now. His response might surprise you.
Please post your comments/questions for our guest on our blog for this show. You can reach Andrew Chanin through his company website, https://procureetfs.com/leadership.html.