Israel-Hamas Conflict Shines Light On Critical Role Of Space Sector

Space technology has become an integral part of modern life, affecting almost every aspect of society. It is integral to communication, navigation, scientific research, and national security. It’s often taken for granted until major events bring its immense importance into sharp focus. The renewal of violence in the Levant is no exception. In the chaos of the last week, space technologies – and the companies that design, build, and deploy them – have proven to be critical assets for governments, news organizations, and citizens alike. 

COMMUNICATION

Space technology plays a pivotal role in communication during times of conflict. Satellites orbiting high above the Earth enable the real-time transmission of information, including news updates and diplomatic negotiations. This ability to stay connected and informed, even amid a crisis, is crucial for diplomacy and conflict resolution. Moreover, the space sector is essential for coordinating humanitarian efforts, ensuring that aid and assistance reach those in need, regardless of the turmoil on the ground.

NAVIGATION

Navigation and geospatial technology, another key component of the space sector, is critical to operations in the Levant. GPS technology allows for precise location tracking and mapping, enabling effective military operations and ensuring that aid reaches the right destinations. The conflict zones in the Middle East are known for their intricate terrain, and accurate navigation is critical to the safety and success of troops and humanitarian missions.

IMAGING

In terms of national security, space assets are instrumental for surveillance and intelligence gathering. During a conflict, nations rely on satellites for real-time monitoring, which can provide early warning of potential threats and enhance situational awareness. High-res images help militaries make more informed decisions. These space-based capabilities can help minimize collateral damage and promote the protection of civilian populations.

INVESTING IN SPACE

The crucial nature of space technology is never more clear than in times of conflict like the recent renewal of violence in Israel and Hamas. Many of the most important technologies and companies powering the modern world and enabling the future are involved in the space sector. 

Investing in the space industry can be done on an individual basis or through thematic funds like ProcureAM's Space ETF UFO. Funds like UFO have teams of experts who do the hard work of researching and analyzing opportunities on behalf of investors. 
UFO invests in companies powering the space sector, some of whom are directly involved in the current crisis. Planet Labs PBC PL, for instance, has helped provide high-quality imaging to news organizations and governments involved, and Globalstar, Inc. GSAT,  has helped power satellite communications.