Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTAustin SmithSun, June 7, 2026 at 3:21 PM GMT+2 4 min readQuick ReadUFO has surged 138% over the past year, with gains spread across Rocket Lab, EchoStar, and AST SpaceMobile simultaneously.Nearly 90% of UFO's portfolio sits in subscription-based satellite bandwidth and long-cycle industrial contracts, grounding the rally in contracted cash flows.A 12% single-week pullback is normal profit-taking after a parabolic run; the one-year trend and satellite contract economics remain intact.Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Procure ETF Trust II Procure Space didn't make the cut. Grab the names FREE today.The Procure Space ETF (NYSEARCA:UFO) has staged one of the most authoritative thematic moves of 2026, climbing 138.53% over the past year and 53.53% year to date, and the structural setup behind this rally makes a meaningful reversal difficult to engineer. It is a thematic ETF backed by satellite operators with recurring revenue, defense-adjacent infrastructure contracts, and a tightening orbital economy. For retirement-focused investors who require fundamentals beneath the price action, UFO is presenting a rare combination of measurable momentum and a multi-year demand cycle.Pillar 1: The price catalyst is broad-basedUFO closed at $59.34 on June 4, 2026, up 2.77% on the day and 16.9% over the past month. What separates this advance from typical thematic spikes is the breadth of contributors. The top 10 holdings represent 50.43% of net assets, but no single name dominates: EchoStar Corp. sits at 6.56%, Rocket Lab at 5.80%, and AST SpaceMobile at 5.42%. Add MDA Space at 5.08% and SES at 4.99%, and the rally is being powered by satellite communications, launch services, and direct-to-device connectivity simultaneously. Multi-engine moves are harder to stall than single-stock spikes.Pillar 2: The forward driver is contracted revenueThe fund tracks the S-Network Space Index and concentrates exposure where pricing power lives. Media & Communications carries a 46.28% weight, and Industrials another 42.93%. That mix captures satellite bandwidth leasing, GPS and navigation hardware (Trimble at 4.50%, Garmin at 4.29%), and L-band voice/data services (Iridium at 4.42%). These are subscription and long-cycle contract businesses with established cash flows. The fund is also globally distributed: 70.62% United States, with meaningful exposure in Japan (8.84%), Canada (6%), and Luxembourg (4.99%), hedging the thesis against any single regulatory regime.Pillar 3: The structural advantage is the wrapper itselfUFO carries a net expense ratio of 0.75% with $74.44 million in total net assets. That keeps the fund nimble and allows index reconstitution to incorporate new pure-play space names without forcing a stale portfolio. Since inception on April 11, 2019, the ETF has returned 161.26%, and the five-year figure stands at 112.02%. The acceleration this year, from a January 2 open of $40.32 to $59.34, reflects a fundamental re-rating. There is no other liquid US-listed vehicle offering this precise basket of pure-play orbital exposure at this cost.Terms and Privacy PolicyPrivacy & Cookie SettingsMore Info