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 Corporation reported its best quarter ever with record Q2 revenue, backlog reaching $2.4 billion, and strong gross margins. The company's defense segment is growing independently with $456 million in suborbital contracts, showing competiti...
Rocket Lab reported $234 million in revenue for Q2 and has a backlog of $2.36 billion, reflecting strong demand across its Electron, HASTE, Neutron, and Space Systems programs. The company is evolving from a launch service provider into a comprehensi...
AST SpaceMobile shares fell 4% following SpaceX's announcement of winding down Falcon 9 Starlink launches from Florida, shifting to Starship. This transition highlights risks for companies like AST SpaceMobile that rely on third-party launch provider...
Rocket Lab reported $234 million in revenue for Q2 and holds a $2.36 billion backlog, signaling strong demand. The company is advancing its Neutron rocket program with pricing above $50 million per launch, indicating customers see future launch capac...
Space launch stocks like SpaceX, Rocket Lab, and AST SpaceMobile dropped despite President Trump's memo directing federal agencies to aim for 1,000 launches annually by 2030, a significant increase from 178 last year. The market is cautious, focusing...
