Procure Space ETF (UFO) Tops $1 Billion Amid SpaceX IPO Interest

The Procure Space ETF (UFO) has passed $1 billion in assets under management after tripling in size over the past two months, driven by fresh investor flows ahead of the expected mid‑June initial public offering of SpaceX. The fund’s rapid growth coincides with a broader inflow into space-focused exchange-traded funds.

UFO has returned about 60% year to date and roughly 157% over the last 12 months. Those returns supported $704 million in net inflows over the past year and $149 million in net flows in the most recent month. Space-themed ETFs attracted about $1.3 billion of new capital in the last month, bringing total industry assets above $3.3 billion.

Industry participants cite the anticipated SpaceX listing as the primary catalyst for the recent surge in demand. Index providers have adjusted methodology to allow the accelerated inclusion of large public debuts, permitting qualifying companies to be added as soon as one trading day after the final offering price is set. That change shortens the time it takes for new listings to appear in relevant indexes and ETFs.

Procure’s ETF was the market’s first global pure-play space fund. Its rules-based index requires at least 80% of holdings to be ‘‘pure-play’’ space companies, defined as firms that derive at least half their revenue from space-related activities. Top holdings in UFO include Rocket Lab Corp, Planet Labs PBC and ViaSat Inc, reflecting exposure to launch services, satellite operations and space-related telecommunications.

VettaFi LLC provides the benchmark index for the Procure Space ETF and receives an index licensing fee; VettaFi does not issue or sponsor the ETF. A public offering by SpaceX is expected to affect liquidity and investor access across the space supply chain, but the timing and terms of any listing remain subject to final decisions by the company and regulatory approvals.