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Guest: Andrew Chanin; Topics: Overview of commercial space investments and opportunities in light of the Ukrainian war, private sector space and warfare, SPAC and EFT financial woes, China and Russia commercial space plans and much more.
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Andrew Chanin returned as a guest to discuss commercial space in light of the Russian invasion of Ukraine. Andrew started out talking about real time global events and their impact on space, opportunities, and even the focus and usage of space assets. He did mention the problems for SPACS at the present time and the DeSPACd space and general investment companies falling out of favor. Andrew took a few minutes to delve into the history of SPACS as they have been around since the 1980s. During his brief history overview, he mentioned a few company examples including his own UFO plus Virgin Galactic and some others. He also talked about SPACS going for an IPO at say $10/share and some going for a higher IPO value.
Andrew then moved us to discussing other prime opportunities in space at the present time. Cyber issues ranked tops as you can imagine. As for opportunities, I asked Andrew if he thought going forward there would continue to be sufficient capital inflows to fuel growth in the commercial space sector. Our guest talked about some companies being better positioned than others and right now, warfare type of positioning and remote sensing or imaging were at the top of opportunities and will likely help create more opportunity in these fields. Don't miss how our guest described opportunities in real time given the war in Ukraine. In terms of company discernment, he mentioned One Webb and Astra changing launch providers given the results of the war and Russia.
China's space activities were discussed in some detail. Here, he not only talked about the commercial option with China but also the military. He said we might expect more from all nations regarding the military side of space, not just China. This led to a mildly related listener question from Sharon in Chicago. As you will hear, I read her question on air despite my reservations regarding it being "too political" for The Space Show. Sharon was concerned about US companies, education and the reported paying attention to non-economic and non-business aspects of business in favor of pushing for equity and political outcomes over economics, technology, and merit. She included climate in her question. I read most of her note on air but make sure you listen to the response by Andrew. I bet the way he responded to Sharon will surprise you. In addition, this would be a good place for you to post your thoughts on the question on our blog for this show. We would like to hear from you.
Fremont John called with a bundle of questions. First, he wanted to know what Andrew thought of the seven planned interest rate hikes this year and impact of rising rates on commercial space. He referred to the interest rate hikes as headwinds. Andrew had much to say but he also zeroed in on the need to diversify holdings and not put all eggs in one basket, so to speak. He mentioned that UFO was diversified and global. While John said he was a player looking at the long term horizon, he was also a strong believer in investing in space. I believe what John offered up was as interesting as what Andrew had to say in return so for sure you want to hear all of this conversation.
As we were moving toward the end of the program, I told Andrew I was being overwhelmed by PR firms wanting the company they represent to be featured on The Space Show. I then mentioned that upon doing a minimum amount of due diligence, most of the companies had revenue from raising money, not operations. I asked Andrew about that and found his answer a bit different than what I expected to hear. This would be another good place for you to post your thoughts on our blog. With another email, this one from Carl on Phoenix, Andrew talked about using technology advancement to help get us out of our inflation and debt crisis. Make sure you listen to what he said. Let us know what you think about this possibility. Before the program ended, I asked Andrew his immediate plans for the UFO ETF. He said he would look at what could be done, not what can't be done. Then he said that there were always opportunities and that there is always a bull market someplace.
Please post your comments/questions for Andrew on our blog. You can reach our guest through me or the UFO EFT or ProcureAM at https://procureetfs.com.