Samuel Miller, a senior investment strategist with Signature Estate & Investment Advisors, points toward a different approach for space investing than picking individual stocks. "I lean towards picking ETFs to invest in the new space race since there are not enough pure space plays at the moment," he says. "Current industries like defense and aerospace, machinery, semiconductors, etc., are poised to benefit from the increased spending in space exploration." He says ROKT fits the bill. The multisector space fund has allocations in traditional aerospace and defense companies as well as technology and communication services firms as it "seeks to capture companies driving space exploration innovation – the pure plays as well as the firms supporting the ecosystem (i.e., the suppliers)," according to State Street Global Advisors. Top holdings include Raytheon Technologies Corp. (RTX) and Honeywell International Inc. (HON).
TP1 - $44
TP1 - $44