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News  ›  Benzinga

EXCLUSIVE: SpaceX IPO Buzz Has Space ETF Leader Fired Up — 'Would Be Exciting'

Benzinga Logo Benzinga By Chris Katje
EXCLUSIVE: SpaceX IPO Buzz Has Space ETF Leader Fired Up — 'Would Be Exciting'

A potential SpaceX IPO in 2026 or early 2027 could significantly impact the space sector and the Procure Space ETF (UFO). Procure Holdings CEO Andrew Chanin expressed excitement about the prospect, noting that SpaceX would likely become a major holding in the ETF as the world's largest pure-play space company. However, he cautioned that the timing remains uncertain and companies sometimes cancel planned IPOs.

Insights
CVS   positive

Stock up 75% in 2025, new CEO, 8% revenue increase, trading at low forward P/E of 11


UFO   positive

Would benefit significantly from SpaceX's IPO as it would likely add a major holding to the fund. The ETF leader expressed enthusiasm about the potential offering and its impact on the broader space industry.