Space-focused Procure Space ETF offers real space economy exposure ahead of potential SpaceX IPO.

The Procure Space ETF (UFO) provides genuine exposure to space-related companies, focusing on satellite operators and rocket builders rather than traditional aerospace giants. It tracks the S-Network Space Index, holding companies like Planet Labs and EchoStar, and has delivered strong recent returns driven by growth in satellite broadband and launch activity. However, the fund is concentrated, relatively small, and carries higher fees, making it more suitable as a satellite position rather than a core holding. The potential SpaceX IPO could significantly impact valuations in this sector, but until then, UFO holds the supporting cast of space companies.