Procure Space ETF (UFO) - Space Stocks and Funds

A research platform for investing in space: Space Stocks of all sizes, Space Funds and ETFs, pre-IPOs, private companies, Crowd-Funding, NFTs, and more.

Here’s their description: “The Procure Space ETF seeks (vague, yes, but their wording) investment results that correspond generally to the performance, before the fees and dubious expenses, of an equity index called the “S-Network Space Index” developed by S-Network Global Indexes (the “Index Provider”)”.
Now down to the reality: The Procure Space ETF (Ticker UFO) is one of many space-themed ETFs. Take it as a Space Fund riding on the allure of space investing but built on the tried and tested fund structure. It was launched in 2019 and invests in companies that derive at least half of their revenue or profits from space-related businesses. Naturally, this is a slack way to invest in the space sector, but it is better than not having a hedge.
To date their fee is 0.75%.
Go check out their Fact Sheet, and you’ll see their ~30 investments are the usual suspects of aerospace stocks and new space companies. No surprise, but then again, a Space Fund has to be devoid of critical failures.

Back in “ye olden days” of the “ye everything bubble” when space investing was riding high, the Procure Space ETF had a reasonable start and then lost half its value in November 2023. Let’s call this a space fund ringing the bell at the space tech cyclical bottom in the market. Since then it is crawling higher. The dividend is low, but if it is exposure to a thriving high-impact space investment you want, then a very average exposure you will get.

Procure Space ETF 2026 Update

Number of Holdings: 52

Recent Performance & Market Sentiment

This space fund saw a 45% to 65% return in 2025 (depending on the measurement window), significantly outperforming the S&P 500 and its main rival, the ARK Space Exploration & Innovation ETF (ARKX). This was driven by the “pure-play” nature of its holdings—specifically companies like AST SpaceMobile and Rocket Lab, which saw parabolic moves and a touch of mania over the last 18 months.

As of early March 2026, the fund is seeing a slight technical correction after hitting a multi-year high of $48.66 in late January. However, net inflows remain strong, with over $150 million in new capital entering the fund since the start of 2025.

Key Portfolio Shifts (2025–2026)

UFO rebalances quarterly, and the most recent shifts highlight a clear strategy: exit the “Old Guard” and enter the “Launch & Infrastructure” era.

New Additions: Following their summer 2025 IPOs, Firefly Aerospace and Voyager Technologies (the company behind the Starlab space station) were added with significant weightings.
Rotation Away from Defense: The fund has reduced its exposure to legacy giants like Lockheed Martin and Northrop Grumman. While these remain in the fund, their “tier-weighted” influence has been dialed back to make room for more volatile, high-growth names.
The “SpaceX” Proxy: While SpaceX remains private, UFO has increased its weight in companies that are direct beneficiaries of the SpaceX ecosystem or are positioning themselves as the only viable competitors (like MDA Space and Rocket Lab).