Procure Space ETF (UFO) Surpasses $1 Billion in Assets Under Management
Rhea-AI Summary
Procure Space ETF (NASDAQ: UFO), the first U.S.-listed pure-play space economy ETF, has surpassed $1 billion in assets under management, a key milestone for the fund and the growing space investment category.
Launched in April 2019, UFO tracks the VettaFi Space Index and offers diversified exposure to companies with meaningful space-related revenue, spanning satellite communications, launch services, space-based imagery, GPS, and supporting infrastructure. ProcureAM reports a widening investor base across retail, RIAs, institutions, family offices, and thematic allocators.
AI-generated analysis. Not financial advice.
Positive
- Assets under management exceed $1 billion for the Procure Space ETF (UFO)
- First U.S.-listed pure-play space ETF launched in April 2019
- Tracks the VettaFi Space Index focused on meaningful space-economy revenue
- Investor base expanded across retail, RIA, institutional and family office channels
Negative
- None.
Key Figures
Market Reality Check
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Apr 20 | Index rebranding | Positive | -0.2% | S-Network Space Index rebranded and fast-track inclusion framework announced. |
| Apr 16 | AUM milestone | Positive | +4.8% | UFO surpassed $500 million AUM and marked its seven-year anniversary. |
| Apr 07 | Trading access expansion | Positive | -0.0% | UFO became tradable on Coinbase for extended-hours ETF access. |
Recent positive news has sometimes seen muted or even slightly negative next-day price reactions, with occasional strong alignment on major AUM milestones.
Over the past few months, UFO’s news flow has centered on strengthening its position within the space economy theme. On Apr 7, expanded access via Coinbase trading had almost no price impact despite broader distribution. On Apr 16, surpassing $500 million AUM and marking the fund’s seven-year anniversary coincided with a solid positive move. On Apr 20, the rebranding to the VettaFi Space Index and fast-track inclusion framework saw a slightly negative reaction. Today’s $1 billion AUM milestone follows that trajectory of structural and asset growth.
Market Pulse Summary
This announcement highlights UFO’s progression as a space-economy vehicle, with assets surpassing $1 billion and positioning tied to the VettaFi Space Index. Recent history shows a pattern of structural enhancements—index rebranding, new trading access, and earlier AUM milestones—supporting the ETF’s thematic role. Investors may focus on how asset growth tracks broader space-sector projections toward $1 trillion+ by 2034, while also monitoring liquidity, index methodology changes, and future asset inflows as key markers of ongoing adoption.
Key Terms
exchange-traded fund financial
assets under management financial
low-Earth-orbit technical
registered investment advisor (RIA) financial
AI-generated analysis. Not financial advice.
World's First Pure-Play Space Economy ETF Crosses Landmark Threshold as Commercial Space Sector Matures
Levittown, Pennsylvania--(Newsfile Corp. - May 27, 2026) - ProcureAM, LLC, issuer of the Procure Space ETF® (NASDAQ: UFO), today announced that the fund has surpassed
Launched in April 2019 as the first U.S.-listed pure-play space exchange-traded fund, UFO provides investors with diversified exposure to companies generating a substantial portion of their revenue from space-related business activities, including satellite communications, launch services, space-based imagery and intelligence, GPS and navigation, and ground-based equipment and infrastructure.
"Crossing
The fund's growth tracks the broader commercialization of the space sector, which is projected to reach
UFO tracks the VettaFi Space IndexSM*, which is constructed to ensure that included companies derive a meaningful share of revenue from the space economy - a methodology designed to differentiate the fund from broader aerospace and defense products that include only incidental space exposure.
ProcureAM noted that the fund's investor base has expanded across retail, registered investment advisor (RIA), and institutional channels, with growing interest from family offices and thematic allocators positioning around long-duration technology trends.
For more information about the Procure Space ETF®, please visit www.ProcureETFs.com.
About ProcureAM
ProcureAM, LLC (ProcureAM) is an innovative exchange-traded product issuer. Established by renowned industry veterans Robert Tull and Andrew Chanin, ProcureAM offers a unique platform for the creation of both proprietary and partnered ETPs. Whether you are looking to invest in ETPs or create one, contact ProcureAM to explore your performance potential: www.ProcureETFs.com.
Media Contact
Gregory Agency
procuream@gregoryagency.com
866-690-3837 (ETFS)
1"Space Economy Report," www.nova.space, February 2026.
Important Information
*The VettaFi Space IndexSM is a modified capitalization-weighted, free float- and space revenue percentage-adjusted equity index designed to serve as an equity benchmark for a globally traded portfolio of companies that are engaged in space-related business. It is not possible to invest in an index.
For a complete list of holdings in UFO, visit: https://procureetfs.com/ufo/. Fund holdings and sector allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security.
Please consider the Fund's investment objectives, risks, and charges and expenses carefully before you invest. This and other important information is contained in the Fund's summary prospectus and prospectus, which can be obtained by visiting procureetfs.com. Read carefully before you invest.
Investing involves risk. Principal loss is possible. The Fund is also subject to the following risks: Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the funds. Brokerage commissions will reduce returns.
Aerospace and defense companies can be significantly affected by government aerospace and defense regulation and spending policies. The exploration of space by private industry and the harvesting of space assets is a business based in future and is witnessing new entrants into the market. Investments in the Fund will be riskier than traditional investments in established industry sectors. The Fund is considered to be concentrated in securities of companies that operate or utilize satellites which are subject to manufacturing delays, launch delays or failures, and operational and environmental risks that could limit their ability to utilize the satellites needed to deliver services to customers. Investing in foreign securities are volatile, harder to price, and less liquid than U.S. securities. Securities of small- and mid-capitalization companies may experience much more price volatility, greater spreads between their bid and ask prices and significantly lower trading volumes than securities issued by large, more established companies. The Fund is not actively managed so it would not take defensive positions in declining markets unless such positions are reflected in the underlying index. Please refer to the summary prospectus for a more detailed explanation of the Funds' principal risks. It is not possible to invest in an index.
UFO is distributed by Quasar Distributors LLC.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298895