2025 was sprinkled with hints that a thematic exchange-traded fund (ETF) comeback could be in its initial stages. With over $240 million in assets under management (AUM) and growing, the Procure Space ETF (UFO) could be one of those funds to watch in 2026. With large cap growth companies showing signs of frothy valuations, investors could be looking elsewhere to add that extra shot of growth. Thematic ETFs can do just, focusing on niche sectors that may not get the fanfare on financial news sites. Thematic ...

Since launching in 2019, the Procure Space ETF (NASDAQ:UFO) has positioned itself as the only pure‑play space ETF in the United States, holding a basket of companies with direct exposure to the space industry — a sector that could draw increased attention in 2026 if a potential SpaceX IPO materializes.Procure Holdings CEO Andrew Chanin told Benzinga that maintaining a pure‑play focus is central to the firm's identity and a key differentiator from other space‑themed ETFs.UFO Vs. ARKXThe Ark Space & Defense I ...

December 15, 2025 10:56 PM GMT SpaceX | North America Moving Into AI/Energy Infrastructure? Some pithy thoughts: Morgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of Morgan Stanley Research. Investors should consider Morgan Stanley Research as only a single factor in making their investment decision. For analyst certification and other important ...

Core Insights - Rocket Lab is positioned for significant growth in the expanding global space economy, which reached approximately $613 billion last year and is projected to triple to $1.8 trillion by 2035 according to McKinsey estimates [1][2] Group 1: Company Overview - Rocket Lab's stock is seen as a compelling investment opportunity due to its innovative approach and growth potential in the space industry [2] - The company has established itself as the second-most-used space launch provider in the U.S., trailing only SpaceX, and is set to enhance its competitive edge with the upcoming Neutron launch vehicle [3][4] Group 2: Neutron Launch Vehicle - The Neutron rocket will significantly increase Rocket Lab's payload capacity to 13,000 kg for low Earth orbit, compared to the Electron rocket's 300 kg, allowing the company to compete for larger contracts [4] - The launch of Neutron has been delayed to the first quarter of next year, which analysts view as a more realistic timeline focused on mission success [5] Group 3: Space Systems Business - Rocket Lab is diversifying its operations beyond launch services, aiming to become an end-to-end space company that manages all mission aspects [7][8] - The space systems segment is a key revenue driver, generating nearly $300 million with a gross profit of $93.8 million, compared to $123 million in revenue and $45.1 million in gross profit from launch services [9] Group 4: Market Demand and Backlog - The growing demand for satellite launches driven by real-time Earth observation, global connectivity, and defense applications positions Rocket Lab favorably in the market [10][11] - The company has a substantial backlog valued at $1.1 billion, with approximately 47% related to launch services, indicating strong future revenue potential [12] Group 5: Future Outlook - Rocket Lab is set to launch its Neutron rocket in 2026, with plans for three missions within a year of the initial test launch, supported by a robust demand and a growing backlog [13]

(Bloomberg) — SpaceX (SPAX.PVT) is moving forward with an insider share sale that values Elon Musk’s rocket and satellite maker at about $800 billion, setting up what could be the largest initial public offering of all time. In a company message seen by Bloomberg on Friday, SpaceX said it’s preparing for a possible public offering in 2026 that would be aimed at funding an “insane flight rate” for its developmental Starship rocket, artificial intelligence data centers in space and a base on the moon. Mos ...

Recent reports suggest that SpaceX could go public in 2026, and Elon Musk has hinted that this is likely. Musk's space company could go public at a colossal $1.5 trillion valuation. Rumors of the historic offering have boosted enthusiasm for space stocks in the last week. Talk of a colossal 2026 IPO from SpaceX is already having an impact on the market. Investors have been asking for years if Elon Musk will ever allow SpaceX to start trading on public markets, and reports indicate next year could ...

Group 1 - SpaceX is preparing for a mid- to late-2026 IPO that could raise over $30 billion at a valuation of approximately $1.5 trillion, potentially making it the largest stock-market debut in history [1][2] - The IPO will encompass the entire SpaceX operation, including rockets, Starlink satellites, and a growing defense business, rather than just the Starlink unit [2][3] - Analysts project revenues of around $15 billion in 2025 and $22 billion to $24 billion in 2026, primarily driven by Starlink, suggesting a valuation of 60 to 70 times next year's sales [2][3] Group 2 - A portion of the IPO proceeds is intended for space-based data centers and related technology, aiming to establish low-Earth orbit as a cloud region, alongside funding for Starship and additional Starlink launches [3] - Historical statements from Musk indicated that an IPO was not imminent, with previous comments suggesting a public offering would only occur when regular flights to Mars were established [4] - Recent private market valuations have seen SpaceX valued at $175 billion in late 2023, rising to approximately $350 billion by the end of 2024, and discussions of a secondary sale at an $800 billion valuation, with Musk disputing some of these figures [5]

Core Insights - SpaceX is preparing to sell insider shares, potentially valuing the company between $750 billion and $800 billion, surpassing OpenAI's $500 billion valuation [1][2][3] Valuation and Share Price - The share price under discussion is higher than $400, which would significantly increase SpaceX's valuation from the previous $400 billion set in July [1][3] - Preliminary scenarios for the share price could push SpaceX's value to around $560 billion or higher [2] Market Impact - News of SpaceX's valuation led to an 18% increase in shares of EchoStar Corp., which recently agreed to sell spectrum licenses to SpaceX for $2.6 billion [4] Industry Position - SpaceX is the leading company in the space industry, known for its Falcon 9 rocket and Starlink internet services, which utilize over 9,000 satellites [5] Future Plans - There have been discussions about spinning off the Starlink business into a publicly traded company, although the timeline for an IPO for the entire company is now aimed for the second half of next year [6] - A tender or secondary offering is being utilized to provide liquidity for employees and early shareholders [7]

Group 1 - Rocket Lab is experiencing rapid growth, with revenue expanding at more than 50% year-over-year, significantly outpacing the average growth rate of the space industry [1] - The company has signed a record number of launch contracts, indicating strong demand and operational momentum in both the orbital and defense sectors [1]

Core Insights - MDA Space has been recognized in the Inc. Best in Business list for 2025 in the Innovation category, highlighting its significant contributions to the global space industry [1][2] Company Achievements - The recognition honors MDA Space for exceptional execution, including key product launches and increased market share, which have had a profound impact on the industry [2] - CEO Mike Greenley emphasized that this recognition reflects the team's passion and commitment to advancing capabilities in the global space sector [2][3] Industry Impact - Each honoree, including MDA Space, achieved a breakthrough moment in 2025, demonstrating a sizable impact on their company and the industry [3] - MDA Space is noted for its pioneering role in robotics, satellite systems, and geointelligence, with over 450 missions and a history of world firsts spanning more than 55 years [3] Financial Performance - MDA Space reported a backlog of $4.4 billion at the end of Q3 2025, providing strong revenue visibility for 2025 and beyond [6] - The company achieved revenues of $409.8 million in Q3 2025, reflecting a 45% year-over-year increase [6]