The US and Russia started competing for space prowess as early as 1957 when the latter successfully deployed The Sputnik 1 rocket in 1957. As years have gone by, other countries have joined in the quest, with the likes of China, India, the UK, Germany, Spain, Luxembourg, and Japan joining in the space race and age with advanced satellite technologies. One factor that has largely contributed to the high performance of this industry is the subsidized rocket and satellite costs coupled with the lenient bureaucratic procedures making the industry accessible. This piece will be evaluating the space sector and how investors can effectively participate in its progress.

Statistics from the Union of Concerned Scientists (UCS) reveals that there are numerous satellites in orbit today than in the previous decades. The agency reported that there are over 3000 satellites orbiting the Earth, with the number expected to grow further through this decade. The United States is leading the numbers, followed closely by China and Russia. The Satellite Industry Association (SIA) stated that the satellite industry is about three-quarters of the space economy. Forecasts by Morgan Stanley indicated that this industry could produce over $1 Trillion by the end of the next decade from the initial estimate of $350 billion. The total revenue in this picture is from segments like ground equipment, satellite manufacturing, launch industry, and satellite services.

Currently, the most efficient and easy way to invest in the satellite industry and space technology is through exchange-traded funds (ETFs). This area covers things like ground equipment production that is affiliated to satellite systems, rocket, and satellite manufacturing and operations, radio and TV broadcasting, and satellite-based telecommunications. Some of the utilities that have proved to invest in this line are worth a try includes Viasat, Maxar Technologies, Eutelsat Communications, Gilat Satellite Networks, Iridium Communications, among other entities.

The other investment line is SPDR Kensho Final Frontiers ETF (ROKT), which monitors the S&P Kensho Final Frontiers Index. This line would take up the funds to ensure the human understanding of outer space and other wild features like oceans. Companies that require such investment are involved in industrial machinery, industrial manufacturing services, and semiconductors, and research and consultations. Some of them include Raytheon Technologies, Virgin Galactic, Northrop Grumman, L3Harris Technologies, Boeing, among others. Another investment entity that is still a work in progress is the ARK Space Exploration ETF (ARKX), whose assets help in exploration and innovation. Space exploration is explained as leading, enabling, or benefitting from technological services that happen outside the Earth.