Goals:-Maintain holdings in broad array of companies involved in aeronautical engineering, research, and manufacturing.-Donate half of all income distributions to organizations promoting space travel and public interest (personal goal, I wouldn't recommend if investing purely for profit)
Performance Since 2017 (link):
| CAGR | Stdev | Best Yr | Worst Yr | US Mkt Correlation |
|---|---|---|---|---|
| 11.38% | 19.60% | 24.49% | -5.57% | 0.81 |
Holdings:
| Company | Description | Ticker | Target Allocation | Comment | Crowning Achievement(s) in Space |
|---|---|---|---|---|---|
| Boeing | Global aeronautical design, manufacturing, and research company | BA | 21% | Prime contractor for NASA and has reach in nearly every stage of space travel. | Lunar Roving Vehicle, Saturn V, International Space Station, Space Shuttles, Delta Rockets (ULA), CST-100 Starliner (upcoming manned space capsule competing with Space X's dragon), SLS |
| Lockheed Martin Corporation | Global aeronautical design, manufacturing, and research company | LMT | 21% | Prime defense contractor (received nearly 10% of Pentagon spending in 2013) | Military and civilian satellites, multiple deep space probes, NASA's Orion crew vehicle (upcoming), Space Shuttle external tank |
| Northrop Grumman Corporation | Global aeronautical design, manufacturing, and research company | NOC | 18% | Prime defense contractor | James Webb Space Telescope, acquired Orbital ATK, extensive satellite and launch expertise |
| Aerojet Rocketdyne Holdings | American rocket and missile manufacturer | AJRD | 13% | Prime manufacturer of launch system engines | Space Shuttle Main Engine, Delta, Atlas, and Ares engines, Blue Origin rocket engines |
| Social Capital Hedosophia | Public investment vehicle. Merging with Virgin Galactic in de facto IPO | IPOA | 7% | Virgin Galactic aims to be at the forefront of space tourism. Implications for rapid terrestial transportation as well. Has working space plane and marked interest | SpaceShipTwo |
| ORBCOMM Inc. | IoT and M2M communications company | ORBC | 4% | Hosts satellite array for terrestrial communication | ORBCOMM OG2 satellite array launched by Space X |
| Iridium Communications | Satellite communications company | IRDM | 4% | Hosts satellite array for global terrestrial communication | Iridium Satellite Constellation |
| Maxar Technologies Inc. | Satellite, on-orbit servicing, Earth observation company | MAXR | 4% | Contractor for NASA and other space programs | Canadarm, Dextre, NASA Lunar Gateway (upcoming) |
| ViaSat Inc. | Satellite TV company | VSAT | 4% | ||
| Heico Corporation | Manufacturer of niche aeronautical parts | HEI | 2% | Extensive reach in all aeronautical sectors | |
| Arconic Inc. | Specialized lightweight metals manufacuter | ARNC | 2% | Spinoff of Alcoa Corp. |
Considerations:
-Given the genesis of US space-faring, almost all US companies involved in space travel have extensive operations in defense or weapons manufacturing. This presents certain ethical questions that an investor must consider.
-Space travel is not profitable. Nearly all profits generated by these companies for their efforts in space came directly from government contracts. There are at present very few profit-motivations in outer space. An investor should be aware that the companies above act very differently from the widget manufacturers of Economics 101.
-The allocation weightings above are based on my own inferences. I considered each company's market cap, as well as the proportion of space-related revenues to all revenues, but ultimately the allocations above are totally made up.
Feel free to comment with any questions or suggestions
Additionally today I made a subreddit for space investing because there was limited discussion elsewhere on reddit. If you're interested in this kind of thing, check out R/spaceinvesting
Submitted July 10, 2019 at 08:30PM by Awesomesauce1492 https://ift.tt/2S7R6ky
