The Procure Space ETF (UFO) gained 69% from December 31, 2025, to May 29, 2026, driven mainly by anticipation of a SpaceX IPO potentially valued at $1.5 trillion. The ETF, which tracks 49 space-related companies, also benefited from strong performances by holdings like Rocket Lab and AST SpaceMobile, as well as supportive U.S. space policy and new retail access via Coinbase. However, about 60% of its holdings are pre-profit and the valuation is stretched, making the recent surge event-driven rather than steady growth. Key factors to watch include the timing and valuation of the SpaceX IPO, defense budget allocations for space programs, execution by top holdings, and upcoming index rebalances.
Rocket Lab's stock has surged 356.85% over the past year, fueled by its first $200 million revenue quarter and a record $2.2 billion backlog. Despite strong growth and bullish forecasts tied to its upcoming Neutron rocket and Golden Dome contracts, t...
Toobit, a global cryptocurrency exchange, has launched a trading campaign focused on its SpaceX Zone, featuring assets linked to space technology and decentralized finance. Running from June 5 to July 3, 2026, the campaign offers a $200,000 USDT rewa...
Blue Origin's New Glenn launch pad was destroyed in a hot fire test, sidelining the vehicle for at least a year and leaving SpaceX as the sole launch provider for NASA's Artemis lunar missions and other federal projects. This shift benefits companies...
Shares of Virgin Galactic and Rocket Lab surged amid excitement over SpaceX's upcoming IPO, which could value the company at $1.78 trillion and raise $86 billion. This IPO hype is boosting investor interest in public space companies, despite Virgin G...
Space stocks are sharply down this week, with Redwire, Momentus, and Rocket Lab falling over 20% due to SpaceX's reduced IPO valuation and a failed short squeeze on Virgin Galactic. SpaceX set its IPO price at $135 per share, valuing the company at $...
