What is the Official Language of Space?
The United States and Russia may have been the first space pioneers, but now astronauts are on missions from nations all over the world.
SpaceX* recently launched a Falcon 9 rocket for Axiom Space with passengers from Spain/United States, Italy, Sweden, and Turkey. China is gearing up activities to create a colony on the moon. India is working on projects to explore space and establish a base on the moon. Japan just became the latest country to land a spacecraft on the moon. Additional programs have been conducted by Luxembourg, Israel, South Korea and Mexico, and the list goes on.
At present, the language in space has yet to be established. English and Russian are spoken on the International Space Station (ISS). Astronauts needed to be proficient in Russian since, historically, most astronauts traveled to and from the International Space Station via Russian Soyuz spacecraft. Most of the labels on the spacecraft instruments are in Russian and commands were issued in Russian. As SpaceX ramps up its role in going to the ISS, English may become more dominant. Meanwhile, as China revs up its space projects, Chinese may be another strong language option. Given the numerous global visitors, the language of space is still up for grabs.
Like outer space, the Space ETFTM by Procure (TICKER: UFO), is a compilation of international corporations involved in the space sector. Aerospace, satellite and other firms represent countries throughout the world including: United States (L3Harris Technologies*, Planet Labs*, Globalstar*, Iridium Communications*), France (Eutelsat Communications*, Airbus*), Japan (ispace*, SKY Perfect JSAT Holdings*), Italy (Leonardo S.p.A.*), and Luxembourg (SES*). They all speak the same language as constituents of the Space ETFTM.
As of January 22nd, 2024, Airbus Group (AIR FP) was a 2.19% holding, Eutelsat Communications (ETL FP) was a 4.58% holding, Globalstar (GSAT) was a 5.38% holding, Iridium Communications (IRDM) was a 4.41% holding, ispace Inc. (9348 JP) was a 1.97% holding, L3Harris Technologies (LHX) was a 2.45% holding, Leonardo S.p.A. (LDO IM) was a 0.19% holding, Planet Labs (PL) was a 2.11% holding, SES SA (SESG FP) was a 5.12% holding, SKY Perfect JSAT holdings (9412 JP) was a 4.67% holding, SpaceX was a 0.00% holding in the Procure Space ETF (NASDAQ: UFO).
For a complete list of holdings in UFO, visit: https://procureetfs.com/ufo/. Fund holdings and sector allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security.
Please consider the Funds investment objectives, risks, and charges and expenses carefully before you invest. This and other important information is contained in the Fund’s summary prospectus and prospectus, which can be obtained by visiting procureetfs.com. Read carefully before you invest.
Investing involves risk. Principal loss is possible. The Fund is also subject to the following risks: Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the funds. Brokerage commissions will reduce returns.
Aerospace and defense companies can be significantly affected by government aerospace and defense regulation and spending policies. The exploration of space by private industry and the harvesting of space assets is a business based in future and is witnessing new entrants into the market. Investments in the Fund will be riskier than traditional investments in established industry sectors. The Fund is considered to be concentrated in securities of companies that operate or utilize satellites which are subject to manufacturing delays, launch delays or failures, and operational and environmental risks that could limit their ability to utilize the satellites needed to deliver services to customers. Investing in foreign securities are volatile, harder to price, and less liquid than U.S. securities. Securities of small- and mid-capitalization companies may experience much more price volatility, greater spreads between their bid and ask prices and significantly lower trading volumes than securities issued by large, more established companies. The Fund is not actively managed so it would not take defensive positions in declining markets unless such positions are reflected in the underlying index. Please refer to the summary prospectus for a more detailed explanation of the Funds’ principal risks. It is not possible to invest in an index.
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