Investing in space: a fund for the final frontier

The space sector is not simply about launching rockets to Mars or the moon. A new fund aims to cash in.

Illustration of a MOON ROCKET!!
Nasa has chosen Elon Musk’s Starship vehicle for its return to the moon
(Image credit: © SpaceX)

Early next month sees the launch of a new exchange-traded fund (ETF) that aims to boldly go where no other ETF has gone before: space. ETF specialists HANetf and Procure Innovation are about to launch the Procure Space UCITS ETF in London with the irresistible ticker of YODA.

Inevitably, science-fiction geeks focus on the adventurous end of this well-established industry, notably missions to Mars and the moon. And much of the time SpaceX, Elon Musk’s rocket company, crops up in the discussion.

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David C. Stevenson
Contributor

David Stevenson has been writing the Financial Times Adventurous Investor column for nearly 15 years and is also a regular columnist for Citywire. He writes his own widely read Adventurous Investor SubStack newsletter at davidstevenson.substack.com

David has also had a successful career as a media entrepreneur setting up the big European fintech news and event outfit www.altfi.com as well as www.etfstream.com in the asset management space. 

Before that, he was a founding partner in the Rocket Science Group, a successful corporate comms business. 

David has also written a number of books on investing, funds, ETFs, and stock picking and is currently a non-executive director on a number of stockmarket-listed funds including Gresham House Energy Storage and the Aurora Investment Trust. 

In what remains of his spare time he is a presiding justice on the Southampton magistrates bench.