By ProcureAM Research

The space industry flew high in 2024 and appears to be continuing the upward trajectory as 2025 kicks off. 

Previously under the radar companies are receiving more attention. In 2024, companies such as Rocket Lab, AST SpaceMobile, Intuitive Machines and Redwire saw their share prices skyrocket. Demand for satellite networks and lower launch costs gave the market a big boost. AST SpaceMobile saw success thanks to major contracts with leading communications companies, like Verizon* and AT&T*, seeking to provide connectivity to customers in rural areas. Rocket Lab ramped up its number of launches and Intuitive Machines won new NASA contracts.

Some space companies saw their share prices double, triple, and even quadruple during the last year, according to PayloadSpace.¹ Out of the nine firms identified as stocks with positive price movement YTD, eight of these companies are in the Procure Space ETF® (NASDAQ:UFO) including:

• AST SpaceMobile*  
• Intuitive Machines*
• Rocket Lab*
• Redwire*
• Spire Global*
• Planet*
• EchoStar*
• Globalstar*

The Procure Space ETF® is the first pure-play exchange-traded fund focused on the global space economy. The Procure Space ETF®, which trades as UFO ETF on the NASDAQ stock exchange, identifies space companies with the potential to grow. The fund consists of a well-rounded basket of space companies responsible for launches, communications, space imagery, and defense. 

The election of President Trump, creator of the U.S. Space Force, has helped fuel interest in the space industry, especially given his close relationship with SpaceX* founder Elon Musk. The hope for less regulation and a greater emphasis on space under a new administration has created excitement in the market. Observers are looking forward to see what 2025 brings to the space market. 

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

¹“Tracking Cash Flow Through the 2024 Space Stocks Rally,” by Jack Kuhr, Payloadspace.com, December 11, 2024.

*As of December 30th, 2024, AT&T (T) was a 0.00%, AST SpaceMobile (ASTS) was a 4.56% holding, EchoStar (SATS) was a 4.47% holding, Globalstar (GSAT) was a 4.99% holding, Intuitive Machines (LUNR) was a 7.30% holding, Planet Labs (PL) was a 5.22% holding, Redwire Corporation (RDW) was a 2.67% holding, Rocket Lab (RKLB) was a 5.59% holding, SpaceX was a 0.00% holding, Spire (SPIR) was a 1.78% holding, Verizon (VZ) 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 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.