# The Procure Space ETF (ticker: UFO) pulled in nearly $175 million for the first quarter of the year.

*aerospace · news · 2026-04-07 · The Mercury News*

## Key points

- SpaceX has confidentially filed for an IPO, targeting a valuation above $2 trillion.
- The Procure Space ETF (UFO) saw record inflows of $175 million in Q1 2024.
- Satellogic Inc., backed by Liberty Strategic Capital, has surged nearly 280% this year.
- The UFO ETF gains indirect SpaceX exposure through EchoStar Corp.'s small stake in SpaceX.
- Investor focus in the space sector has shifted from tourism to satellites and lunar infrastructure.

**Companies:** SpaceX, Bank of America Corp., Boeing Co., Lockheed Martin Corp., Northrop Grumman Corp., Iridium Communications Inc., Planet Labs PBC, Osaic Holdings, Liberty Strategic Capital, Cantor Fitzgerald LP, Satellogic Inc., ProcureAM, EchoStar Corp.
**Countries:** United States, China

[Read the full story on The Mercury News](https://www.mercurynews.com/2026/04/07/spacex-ipo-boosts-tiny-space-etf/)

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