Procure Space ETF (UFO) Surpasses $1 Billion in Assets Under Management

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.

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.

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.

Argus May 27 session

+1.85% close to close Open Argus

Details

News Market Reaction – UFO

In the May 27 session, UFO gained 1.85%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights UFO’s progression as a space-economy vehicle, with assets surpassing $1...

Analysis

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 Figures

AUM: $1 billion Space sector projection: $1 trillion or more Projection horizon: 2034 +1 more

AUM

$1 billion

Procure Space ETF assets under management milestone announced in this release

Space sector projection

$1 trillion or more

Projected annual revenue for the commercial space sector by 2034

Projection horizon

2034

Target year for the space economy revenue projection cited in the article

ETF launch date

April 2019

Inception date of the Procure Space ETF noted in the article

Historical Context

3 past events · Latest: Apr 20

3 events

1. Apr 20

   Index rebranding

   24h Move

   -0.2%

   S-Network Space Index rebranded and fast-track inclusion framework announced.

2. Apr 16

   AUM milestone

   24h Move

   +4.8%

   UFO surpassed $500 million AUM and marked its seven-year anniversary.

3. Apr 07

   Trading access expansion

   24h Move

   -0.0%

   UFO became tradable on Coinbase for extended-hours ETF access.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

exchange-traded fund, assets under management, low-Earth-orbit, registered investment advisor (RIA)

4 terms

exchange-traded fund financial

"Launched in April 2019 as the first U.S.-listed pure-play space exchange-traded fund, UFO provides..."

An exchange-traded fund (ETF) is a type of investment fund that holds a collection of assets, such as stocks or bonds, and is traded on stock exchanges like individual stocks. It allows investors to buy and sell a diversified group of investments easily and efficiently, often at a lower cost. ETFs provide a simple way to gain exposure to a broad market or specific sectors without having to buy each asset separately.

assets under management financial

"the fund has surpassed $1 billion in assets under management (AUM), marking a milestone..."

Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.

low-Earth-orbit technical

"accelerating low-Earth-orbit broadband deployments, and the public market debuts..."

Low-Earth orbit (LEO) is the band of space closest to Earth where most communication, imaging and internet satellites operate, roughly up to about 2,000 kilometers above the surface. For investors, LEO matters because it’s the “real estate” where satellite and launch companies build products that enable faster connections, Earth observation and global services; proximity gives performance advantages but also creates competition, regulatory and operational risks that affect costs and returns.

registered investment advisor (RIA) financial

"investor base has expanded across retail, registered investment advisor (RIA), and institutional channels..."

A registered investment advisor (RIA) is a person or firm legally registered with regulators to provide investment advice and manage client portfolios for a fee. RIAs must put clients’ interests ahead of their own — a legal duty that helps reduce undisclosed conflicts, like a mechanic who must recommend only necessary repairs. Investors pay attention because an RIA’s fee model and duty of loyalty influence costs, trust, and how investment choices are made.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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 $1 billion in assets under management (AUM), marking a milestone moment for both the firm and the rapidly expanding space economy investment category.

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 $1 billion in AUM is a powerful validation of what we believed when we launched UFO seven years ago: that the space economy would graduate from a thematic curiosity to a core allocation in forward-looking portfolios," said Andrew Chanin, CEO and Co-Founder of ProcureAM. "This milestone reflects the conviction of our shareholders and the extraordinary growth of an industry now powering everything from broadband connectivity to climate monitoring to national security."

The fund's growth tracks the broader commercialization of the space sector, which is projected to reach $1 trillion or more in annual revenue by 2034¹. Recent catalysts contributing to investor demand include the maturation of reusable launch infrastructure, sustained government and defense contract flow, accelerating low-Earth-orbit broadband deployments, and the public market debuts of multiple space economy companies over the past two years.

UFO tracks the VettaFi Space Index^SM*, 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 Index^SM 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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What milestone did the Procure Space ETF (NASDAQ: UFO) reach in May 2026?

Procure Space ETF (UFO) surpassed $1 billion in assets under management. According to ProcureAM, this marks a major milestone for both the fund and the maturing commercial space economy investment category, underscoring rising investor interest in space-focused strategies.

What does the Procure Space ETF (UFO) invest in within the space economy?

Procure Space ETF (UFO) invests in companies with substantial space-related revenue. According to ProcureAM, holdings span satellite communications, launch services, space-based imagery and intelligence, GPS and navigation, plus ground-based equipment and infrastructure supporting the broader space ecosystem.

When was the Procure Space ETF (UFO) launched and why is it notable?

Procure Space ETF (UFO) launched in April 2019 as the first U.S.-listed pure-play space ETF. According to ProcureAM, it targets companies deriving meaningful revenue from the space economy, differentiating it from broader aerospace and defense funds with only incidental space exposure.

Which index does the Procure Space ETF (UFO) track?

Procure Space ETF (UFO) tracks the VettaFi Space Index. According to ProcureAM, this index emphasizes companies where space-related activities are a meaningful revenue driver, helping align the portfolio closely with the commercial space economy rather than general aerospace and defense industries.

How has investor interest in the Procure Space ETF (UFO) evolved?

Investor interest in Procure Space ETF (UFO) has broadened across multiple channels. According to ProcureAM, the investor base now includes retail investors, registered investment advisors, institutions, family offices, and thematic allocators focused on long-duration technology and space economy trends.

What factors are supporting demand for the Procure Space ETF (UFO)?

Demand for Procure Space ETF (UFO) is tied to commercialization of the space sector. According to ProcureAM, catalysts include reusable launch infrastructure, government and defense contracts, low-Earth-orbit broadband deployments, and recent public listings of space economy companies, which together boost space-focused investor interest.