The Tema Space Innovators ETF (NASA) is favored over the Procure Space ETF (UFO) due to its heavier SpaceX concentration and lower direct rival exposure. NASA holds SpaceX and its rivals at a 1:1 allocation, whereas UFO is 1:2, and the fund that owns more SpaceX and fewer rivals wins in my view. NASA's two SpaceX positions, including private shares bought pre-IPO through an SPV, are nearly a quarter of the fund; UFO, a passive index, waited for the IPO.
The Procure Space ETF (UFO) continues to demonstrate space sector resilience. Despite a 2.8% dip in September, the fund was propelled by select performers across its Media & Communications and Technology holdings.
Satellite communications, navigation, spectrum, and connectivity are becoming increasingly important drivers of the space economy. Among the top holdings of the Procure Space ETF (UFO), EchoStar (ECHO), Iridium Communications (IRDM), and Sirius XM Holdings (SIRI) have delivered particularly strong gains in 2026.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 56,876 | $2.88M | $2.28M | -$606,298.24 | -21.04% |
Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 10 | $491.9 | $390.6 | -$101.3 | -20.59% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 13,128 | $665,186 | $521,575.44 | -$143,610.56 | -21.59% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 26,461 | $1.3M | $1.05M | -$250,184.04 | -19.22% |
| NA Nizar Araji National Bank Of Canada /FI/ | 58,794 | $2.87M | $2.35M | -$520,500.72 | -18.12% |
| NASDAQ (NMS) Exchange | US Country |
The fund represents an investment opportunity focused on the burgeoning space industry. By allocating at least 80% of its net assets to companies that derive a significant portion of their revenue or profits from space-related businesses, the fund seeks to leverage the growth potential within this innovative sector. This criterion ensures that the investment stays concentrated on entities deeply involved in space ventures, from satellite technology to other aerospace activities. The fund's strategy revolves around tracking an underlying index composed of globally traded companies active in space-related businesses, aiming to mirror the advancement and investment prospects within this field. Despite being non-diversified, the focus on such a dynamic and future-oriented sector could present unique opportunities for growth-oriented investors.
The fund's primary product is an investment vehicle that targets companies involved in the space industry. Recognizing the sector’s potential for high growth, the fund selects businesses that get at least 50% of their revenues or profits from space-related activities, such as manufacturing satellites, providing satellite services, or developing aerospace technologies.
A core feature of the fund is its strategy to track an underlying index. This index serves as a benchmark for the performance of a globally traded portfolio of companies in the space industry, ensuring that investors have a measurable and transparent mechanism to gauge the fund’s performance against the broader market trends in this sector.