Procure Space ETF surges ahead of SpaceX's closely watched IPO filing

MDA Space

01/04/2026 15:07

** The Procure Space ETF UFO.O gained ~16% in the first quarter of the year, hitting a record intraday high of $48.92 last week

** Elon Musk's SpaceX is expected to confidentially file for an initial public offering in the coming days

** The public offering, expected in June, is estimated to value the company at $1.75 trillion

** The stock's top holdings include Planet Labs PL.N, MDA Space MDA.TO, Viasat VSAT.O and Rocket Lab RKLB.O

** Up to last close, PL was up ~47%, MDA Space had gained ~37% while VSAT was up ~39% this year

** Analysts have said strong performance of space stocks is a sign that a SpaceX public debut could trigger a broad ripple effect, with bullishness spilling over into other space exploration stocks

** Last year, the ETF surged 66.5%, marking its best annual performance

Procure Space ETF hits record high ahead of SpaceX's IPO filing https://www.reuters.com/graphics/SPACE-STOCKS/byprnmjwnpe/chart.png

 (Reporting by Akash Sriram in Bengaluru)

 ((Akash.Sriram@thomsonreuters.com; On X as @HoodieOnVeshti; +91-74116-87774;))