By ProcureAM Research

The space economy is evolving quickly from satellite communications to something far more ambitious: building infrastructure on the Moon. While many space-focused investments concentrate on Earth orbit, the Procure Space ETF® (NASDAQ: UFO) goes a step further by including companies like Intuitive Machines*. This inclusion gives investors direct exposure to lunar missions, logistics, and infrastructure, positioning UFO for the next phase of space commercialization.

A New Kind of Space Company

Intuitive Machines is positioning itself as a cornerstone of NASA’s lunar ambitions, transforming what was once purely government-led exploration into a commercially driven ecosystem.

Founded in 2013, Intuitive Machines isn’t trying to be everything in space. Instead, it’s focused on a very specific and increasingly critical mission: delivering payloads to the Moon.

Through its partnership with NASA under the Commercial Lunar Payload Services (CLPS) initiative, the company is one of several private firms tasked with transporting science instruments, technology demonstrations, and infrastructure components to the lunar surface.

The Nova-C Lander and IM Missions

At the heart of Intuitive Machines’  business is its Nova-C lunar lander, a spacecraft designed to carry payloads to the Moon with precision.

Its first major mission, IM-1, made history with the Odysseus lander marking the first U.S. lunar landing since 1972. The mission demonstrated something critical: commercial companies can reach the Moon.

Follow-on missions aim to expand capabilities, targeting the Moon’s south pole, a region believed to contain water ice, a key resource for future lunar bases and deep-space missions.

Why the Moon Matters (Again)

The renewed interest in the Moon isn’t just about flags and footprints. It’s about infrastructure.

Programs like the Artemis program are laying the groundwork for sustained human presence. That requires:

• Cargo delivery 
• Navigation systems 
• Communications networks 
• Resource extraction 

This is where Intuitive Machines comes in, not as a one-off mission provider, but as a repeatable logistics platform.

Beyond Landers: A Lunar Economy Play

Intuitive Machines is expanding beyond transportation into:

• Lunar data services (navigation and communications)
• Surface operations (robotic deployment, mobility)
• Orbital infrastructure (relay satellites)

This positions the company as more than a contractor, it’s aiming to be a full-stack lunar services provider.

Wall Street Meets the Moon

As a publicly traded company, Intuitive Machines gives investors direct exposure to the lunar economy, a rare opportunity in a sector often dominated by private firms like SpaceX*.

The inclusion of Intuitive Machines in the Procure Space ETF® adds a layer of high-growth, frontier exposure to the portfolio. It brings upside tied to the next phase of space exploration, the commercialization of the Moon, while still fitting within a diversified ETF structure.

The Bottom Line

Intuitive Machines sits at the intersection of government demand and commercial execution. If NASA’s lunar strategy succeeds, companies like this won’t just benefit, they’ll be essential.

The real story isn’t just that we’re going back to the Moon.
It’s that this time, we’re bringing a business model with us.

For more information about the Procure Space ETF®, visit www.ProcureETFs.com.

Important Information:

*As of April 29th, 2026, Intuitive Machines (LUNR) was a 3.46% holding and SpaceX was a 0.00% holding in the Procure Space ETF® (NASDAQ: UFO). 

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.