The Space Economy is Hitting an Inflection Point with Andrew Chanin

<p>Morgan Stanley believes the space economy will be worth more than $1 trillion dollars by 2040. Bank of America Merrill Lynch believes it will reach $2.7 trillion by 2045. &nbsp;</p> <p>If those estimates are even directionally-correct, outer space will soon become one of the biggest investment opportunities of our lifetime. &nbsp;And it's more than just a science-fiction dream. The commercialization of space is already well-underway. The Federal Communications Commission (FCC) recently granted SpaceX the right to launch 7,500 of its next-gen satellites, and it's working through a backlog of nearly 40,000 more applications. That would represent a quadrupling of the total number of satellites currently in orbit; as the whole sector is hitting an inflection point. &nbsp;</p> <p>What's the best way to invest in this trend? Will satellite internet really account for half of the overall space market by 2040? Will we see a renewed "militarization of space", with demand for military intel vaulting defense contractors even higher? Will launch providers appeal to a new wave of commercial customers? And how should investors think of the newly-public "SPAC" companies who raised funding in 2021? &nbsp;</p> <p>To help us answer those questions, 7investing CEO recently spoke with Procure Asset Management's co-founder Andrew Chanin. Andrew is a favorite guest of our 7investing show, and Procure's ETF with the ticker "UFO" offers pure-play exposure to the space economy. &nbsp;</p> <p>In the first part of the discussion, Andrew describes the role of private companies in the militarization of space. Elon Musk's SpaceX played an important role in enabling satellite communications for Ukraine during its conflict with Russia. Other satellite operators are similarly assisting in military operations. &nbsp;</p> <p>One of those companies, Maxar Technologies&nbsp;(NYSE: MAXR) was recently acquired at a 129% premium to its equity valuation -- which demonstrates how important military intelligence has become and the potential opportunity