Private space companies are paving the industry’s path to profits, says the man behind the Procure Space ETF (UFO).By taking part in the rapidly developing “space race,” billionaire-backed entities such as Elon Musk’s SpaceX and Jeff Bezos’s Blue Origin are lowering costs across the board, ProcureAM CEO Andrew Chanin told CNBC’s “ETF Edge” this week.”They’re able to get the cost of launch down and that’s going to allow more companies to send things into outer space cheaper,” Chanin said in the Wednesday interview. “They’re really opening up the entire environment for space companies and future would-be space companies …
