I recently discovered a huge platinum deposit.
It’s so big you can literally see it from outer space.
But as I’ll explain today, its visibility has nothing to do with its size. Instead, it has to do with something far more intriguing…
Something that could lead investors like you to “astronomical” profits.
Asteroids: Big & Valuable
There’s a simple reason you can see this platinum field from space:
It’s already in space.
You see, this platinum deposit is inside an asteroid.
Asteroids are rocky worlds that orbit our sun, and they can be enormous. For example, an asteroid called Ceres is four times larger than the state of Texas.
But asteroids aren’t just big. They can also be very valuable…
A Football Field Worth $50 Billion
For example, according to a Goldman Sachs report, even a “small” asteroid the size of a football field could contain up to $50 billion worth of platinum.
To gain access to such resources, a new field is emerging called asteroid mining.
With asteroid mining, huge machines land on asteroids, excavate their natural resources, and then transport the resources back down to Earth.
This concept may sound far-fetched. But it’s quickly becoming a reality…
We’re Tracking This Sector Closely
You see, with the recent success of space-tech companies like SpaceX and Blue Origin, the cost of space travel has dropped dramatically…
And that means the cost of asteroid mining is dropping dramatically, too.
The fact is, all the pieces are coming together for space to become a high-growth industry with enormous profit potential.
That’s why Matt and I have been tracking this sector so closely…
For example, a couple of years ago, we introduced Crowdability readers to a space-tech startup called SpaceFab that was raising capital…
As we explained, SpaceFab aims to be the world’s first company that mines for precious metals in space.
It’s developing its business in two phases.
In Phase 1, it’s building sophisticated satellite telescopes it will lease to universities and environmental agencies.
Then, in Phase 2, it plans to use its satellites to search for platinum-filled asteroids.
Once it identifies the right asteroid, it plans to extract the platinum and send it back to Earth. (Again, even small asteroids might contain up to $50 billion in platinum.)
SpaceFab has made significant progress since we first wrote about it.
Not only is its satellite expected to launch into space next year…
But it recently filed a patent application for its proprietary “ion engine accelerator.”
This is one of the major components needed to start asteroid mining!
If SpaceFab succeeds, it could become one of the most valuable mining companies in the world — or even out of this world.
But for investors like you, SpaceFab isn’t the only game in town…
A Lucrative Sector
Many share our belief that space is the next frontier for profits.
After all, investment bank UBS believes the space economy will soon be worth $1 trillion. And longer-term estimates put the figure at $3 trillion.
That’s why all the tech titans are getting in on the action, from Elon Musk and Mark Zuckerberg to Jeff Bezos.
And that’s why so many professional investors are jumping in, too…
For example, Planetary Resources raised $49 million from Google founder Larry Page and Chairman Eric Schmidt. And Rocket Lab, which helps launch space rockets, raised $75 million from top venture funds including Bessemer and Khosla.
Furthermore, space-tech startups are getting acquired in major M&A transactions:
For example, Satellite company Skybox Imaging was acquired for $500 million…
And DigitalGlobe, a space imaging company, was acquired for $2.4 billion.
In transactions like these, early investors can make a fortune.
Here’s How You Can Get Involved
Clearly, space is an exciting sector with enormous upside potential.
So today I’d like to share a smart (and relatively safe) way to invest in it:
The Procure Space ETF (UFO).
The majority of UFO’s holdings are in companies that derive at least half their sales from space.
And thanks to its diversification across 30 companies, this ETF can help us reduce our risk.