What Happened
Space Giant Now Largest Holding in Procure Space ETF
The Procure Space ETF (UFO) has more than doubled its allocation to SpaceX, making the space giant its largest holding at nearly 15% of the portfolio. This surge reflects SpaceX’s accelerating commercial dominance, driven by its rapid revenue growth, Starlink expansion, and significant order backlog. The ETF’s modified market-cap weighting strategy ensures investors are not relying on a single company alone, providing broad thematic exposure across the space infrastructure and defense supply chain. This development was reported by an unknown source.