"UFO tracks the S-Network Space Index, capturing companies that derive meaningful revenue from space-related activities, with a focus on capital appreciation rather than income."
"The portfolio centers on Industrials and Media & Communications, covering satellite operators, launch companies, and defense contractors, with significant holdings in Planet Labs and MDA Space."
"SpaceX does not currently sit inside UFO's portfolio, but its potential IPO could create a halo effect on existing holdings and lead to future inclusion in the fund."
"Prediction markets indicate a 52% chance of SpaceX going public by mid-2026, with a 93% probability by year-end, suggesting significant investor interest in the IPO."
UFO, the Procure Space ETF, tracks the S-Network Space Index, focusing on companies generating revenue from space activities. Launched in April 2019, it has an expense ratio of 0.94% and $360 million in assets. The fund's portfolio is primarily in Industrials and Media & Communications sectors, featuring companies like Planet Labs and MDA Space. SpaceX's anticipated IPO could impact UFO's performance, with predictions suggesting a high likelihood of a public offering by the end of 2026, potentially enhancing the fund's value.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]