www.foxbusiness.com
The drone industry is attracting investor attention, exemplified by the REX Drone ETF (DRNZ), focusing on companies deriving revenue from drones and related technologies. REX CEO Greg King highlights both military applications, particularly UAVs in Ukraine and the Middle East, and growing commercial applications like delivery, monitoring, and inspection services. Military-focused holdings include Ondas Holdings, AeroVironment, and Palantir Technologies. King anticipates 8-10% annual growth, projecting a $60 billion market by 2030, driven by both military and diverse commercial uses. The ETF provides broad exposure across these developing sectors, capitalizing on the increasing efficiency and versatile applications of drone technology.
