The Procure Space ETF has surged 163% over the past 12 months, driven by sector momentum and anticipation of the SpaceX IPO. UFO's portfolio is concentrated but includes holdings like Sirius XM and Trimble which may not fully capture the speculative upside from the SpaceX catalyst. Some other sector ETFs offer more direct exposure to pureplay space companies and even SpaceX itself.
UFO: Time To Consider Selling The Space Stock Rally (Downgrade)
Source: Seeking Alpha