By ProcureAM Research
Something is happening in the sky, but no one is sure what it is. Initial reports indicated that China was sending weather balloons to gather meteorological data. Next, the United States declared the balloons to be spy apparatuses intended to collect military information. Then came speculation whether the additional objects identified in the sky could be extraterrestrial devices!
Sophisticated military radar systems are essential to tracking these mysterious objects. Normally, radar is used to pick up fast moving, heat generating items that are usually associated with missiles or enemy aircraft. The most recent objects discovered are slower moving, cooler entities. As radar parameters are modified for increased sensitivity, more items are likely to be discovered.
The original objects were treated as possible enemy devices and were tracked and destroyed by fighter planes. A search and retrieval effort will hopefully reveal more about these objects. However, this can be costly as more objects are discovered. Radar and satellite data will be crucial to track and identify these unknown objects.
Along with radar, satellites will play a critical role in the observation of and communication regarding UFOs or, using governmental jargon, “unexplained anomalous phenomena” (UAPs). Satellites will be instrumental in further identifying and tracking the location of objects such as other satellites, debris, remote sensing equipment and other items.
The Procure Space ETF® (UFO:NASDAQ) is an exchange-traded fund comprised of constituents involved in space-related industries. UFO incorporates radar and satellite companies within the fund:
Radar Manufacturers
According to Fortune Business Insights, the top five military radar manufacturers are Airbus S.A.S.*, Raytheon Technologies*, Northrop Grumman*, Saab AB*, and Thales Group*. In the United States, Lockheed Martin* is another major radar provider while General Dynamics* incorporates Leonardo* equipment for radar systems.
Satellite Companies
Satellite manufacturers, launch firms, and communications providers are important components of the Procure Space ETF. Astra Space*, AST SpaceMobile*, BlackSky*, Boeing*, Eutelsat*, Maxar Technology*, Planet Labs*, Trimble*, Viasat* are companies that are constituents in the fund.
No one can predict the future, but it is extremely likely that governments all over the world will be spending more time gazing at the sky and looking for more than twinkling stars.
Important information:
As of March 3rd, 2025, Airbus (AIR FP) was a 12.36% holding, Aeroejet Rocketdyne (AJRD) was a 0.00% holding, Astra (ASTR) was a 0.00% holding, AST SpaceMobile* (ASTS) was a 5.35% holding, BlackSky Technology (BKSY) was a 2.27% holding, Boeing (BA) was a 2.39% holding, Eutelsat (ETL FP) was a 0.00% holding, General Dynamics (GD) was a 0.00% holding, Leonardo (LDO IM) was a 0.08% holding, Lockheed Martin (LMT) was a 0.39% holding, Maxar (MAXR) was a 0.00% holding, Northrop Grumman (NOC) was a 2.20% holding, Planet Labs (PL) was a 5.47% holding, Raytheon Technologies (RTX) was a 0.00% holding, Rocket Lab (RKLB) was a 4.18% holding, Saab AB (SAABF) was a 0.00% holding, Thales (HO FP) was a 0.69% holding, Trimble (TRMB) was a 4.42% holding, Viasat (VSAT) was a 4.39% 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 Funds 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.
By ProcureAM Research
The United States, China and Russia are not the only nations with space agencies. As of the end of 2022, 102 countries belonged to the United Nations Committee on the Peaceful Uses of Outer Space (COPUS), up from 18 in 1959.1
The original goal of COPUS was to strive for international cooperation and peace on behalf of space participants. Some of the responsibilities include:
Since 1962, the United Nations has maintained a Register of Objects Launched into Outer Space including “satellites, probes, landers, crewed spacecraft, and space station elements launched into Earth orbit or beyond”2 The purpose of this list is to assist COPUS during discussions regarding political, technical and legal issues.
The United States led the way in launches in 2022 with 5,534 followed by Russia and China, according to Our World in Data.3 The top twenty countries based on the cumulative Number of Objects Launched into Space are as follows:
Countries around the world have realized that space is the future. Whether it’s for communications, security, or other purposes, nations large and small are increasing their space endeavors. And the Procure Space ETF ® (UFO) has acknowledged this interest by including domestic and international companies in the fund.
1 www.unoosa.org
2 www.unoosa.org/oosa/en/spaceobjectregister/index.html
3 www.VisualCapitalist.com, by Avery Koop, July 8, 2022
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 Funds 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.
Protecting Our Planet Starts in Space
The 2021 United Nations Climate Change Conference, COP26, brought politicians, business leaders and celebrities from around the world together to share insights and visions on combatting climate change. While many of the participants emphasized the need to protect planet Earth, the importance of space was undeniable this year.
In order to tackle the numerous challenges our planet faces from global warming, we must have the tools to monitor and measure change. Satellites are playing a critical role in the data collection process. Companies such as Maxar* and Airbus* are using satellites to track weather patterns and natural disasters, detect and quantify emissions, calculate sea and ice levels, observe droughts, and much more.
However, the space industry’s role in ensuring Earth’s safety does not simply end with observation. As global superpowers like China and Russia demonstrate satellite destroying capabilities and
corporations look to ramp up space businesses via satellite launches, the need to protect Low Earth Orbit (LEO) is imperative. New investments in space debris monitoring, removal and mitigation will be essential to keep LEO safe and usable for decades to come.
Looking beyond LEO, researchers aim to protect Earth from asteroids and meteors. As a result, investments are increasing in the areas of detection and deterrence of these potentially destructive menaces. Just last month, NASA launched its Double Asteroid Redirection Test mission to gauge our ability to redirect the course of an asteroid that could one day threaten life on Earth.
The world’s first global pure‐play space ETF, the Procure Space ETF (TICKER: UFO), currently includes space-based companies poised to participate in, and potentially capitalize on, protecting Earth. From the events of COP26, it has never been more apparent that we must empower the space industry if we wish to protect the beautiful planet that we call home. To learn more about UFO, the Procure Space ETF, visit www.ProcureETFs.com.
*As of December 29th, 2022, Airbus (AIR FP) was a 1.20% holding and Maxar Technologies (MAXR) was a 10.57% 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 Funds 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.
Bitcoin—the first decentralized cryptocurrency—was created in 2009, and what has since transpired has
taken the planet by storm…so much so that cryptocurrencies and the blockchain technologies that
support them and countless other use cases are no longer confined to this planet alone.
One of the original cases for Bitcoin was its decentralized nature. An alternative to centralized,
government issued currencies, Bitcoin (and other cryptocurrencies) have extolled the benefits of not
being controlled by the whims of political interests. However, as the cryptocurrency gained traction,
detractors pointed to another potential risk of Bitcoin…its reliance on the internet. How could
cryptocurrencies ever truly be decentralized if large internet companies have the ability to shutdown
access?
Enter the cypherpunks and blockchain visionaries
Acknowledging the potential vulnerability to internet outages, many of the brightest minds from the
fintech world and beyond began looking to the skies for solutions. The cloud was already being utilized
by many for blockchain services, so luminaries began to look beyond the cloud(s) and into outer space.
UFO, the world’s first global pure‐play space ETF is already currently positioned to potentially benefit
from companies utilizing space systems to create blockchain solutions. Two UFO portfolio companies,
satellite operators Intelsat and Eutelsat, provide service to a third party that offers access to the Bitcoin
blockchain around the planet, even to users with no internet. Additional solutions may come from
blockchain startups launching fleets of dedicated microsatellites that may prove to be cost effective.
In short, blockchain is currently disrupting countless antiquated industries such as finance,
manufacturing, real estate and entertainment to name a few. Many companies are starting to hire
satellite manufacturers and operators to help keep blockchain services robust, cost efficient and
continuous. When thinking about how to position your portfolio to gain exposure to companies that
may benefit from the numerous data‐intensive transformational technologies which may change our
future (blockchain, cloud computing, 5G, Internet of Things, etc…), it may make sense to consider the
vital role space companies play. To learn more about UFO, the Procure Space ETF, visit:
https://procureetfs.com/ufo
Disclosures:
Please consider the Funds 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.
For a complete list of holdings in UFO, visit https://www.procureetfs.com/ufo#holdings. 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.
Any investment product, strategy, or product design that is described on the Procure ETF’s
website may not be suitable for all types of clients.
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.
Cryptocurrencies and blockchain systems could be vulnerable to fraud and cybersecurity risk.
Investing in cryptocurrencies is highly speculative and an investor can lose the entire amount of
their investment. The values of companies included in portfolios may not be reflective of their
connection to blockchain technology but may be based on other business operations.
Any investment decision should be based on the individual circumstances of the beneficial owner.
Registration with the Securities Exchange Commission (“SEC”) does not imply a certain level of skill,
training or endorsement by the SEC, Finra or other government regulatory authority.
UFO is distributed by Quasar Distributors LLC.