Space ETF Monthly Report: Holdings in the News [1]
- Lockheed Martin, Northrop Grumman and others selected to develop DoD internet-in-space constellation.
- Lockheed Martin wins NASA contract to retrieve samples from Mars rover.
- BlackSky analytics capabilities helping intelligence agencies decipher events unfolding in Ukraine.
- Viasat experiences cyberattack likely related to the Russian invasion of Ukraine.
- Maxar and Planet Labs satellites providing valuable visuals of Russian troop movements into Ukraine.
Macro Outlook
The ongoing Russian/Ukraine conflict has shed valuable insights into the importance of the space industry. In just the last 2 weeks, we have learned of cyberattacks carried out on satellites from nation states, hacker groups like Anonymous and beyond, deployment of Starlink satellite dishes to Ukraine, [2] and even OneWeb satellites being held hostage by Russian forces . [3] Uncertainty related to the future of collaboration aboard the International Space Station has also become headline news. As the Russian space industry ramps up hostilities, new and existing players see opportunities abound.
Fighting a war today without space infrastructure is akin to fighting blindfolded. While satellites play a vital role in surveillance and observation today, the increasing role of space in warfare has become apparent. Countries will be forced to look to partners in geopolitically friendly regions to avoid their technologies being held hostage and/or reverse engineered. While space is currently critical to military capabilities, in the future, space technology may even play an increased role. Cybersecurity in space will continue to be important for maintaining uninterrupted and secure communications. Offensively, space can allow next generation weapons systems to utilize hypersonic weapons, drone swarms and smart munitions. Defensively, space can provide real-time analytics and anti-missile solutions. While the conflict in Ukraine seems far from over, one thing has become clear; the race to dominate space has begun and in order to win this domain, governments from around the world will be forced to ramp up space capabilities/investments.
Space ETF Performance (As of 28.02.2022)
|
|
1M
|
3M
|
6M
|
YTD
|
12M
|
SI
|
|
Procure Space UCITS ETF (Acc)
|
2.19%
|
-7.89%
|
-20.00%
|
-8.06%
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NA
|
-17.28%
|
|
S-Network Procure Space Index
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2.28%
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-7.68%
|
-19.61%
|
-7.96%
|
-13.08%
|
-16.67%
|
Performance before inception is based on back tested data. Back tested data does not represent actual performance and should not be interpreted as an indication of actual or future performance. Past performance for the index is in USD. Past performance is not an indicator for future results and should not be the sole factor of consideration when selecting a product. Investors should read the prospectus of the Issuer (“Prospectus”) before investing and should refer to the section of the Prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in this product. Source: Bloomberg / HANetf. Data as of 28/02/22. Please note that all performance figures are showing net data.
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