SpaceX (SPCX) has been added as a direct holding in Procure Space ETF (UFO) with an initial weight of 6.17% as of mid-June 2026, following SpaceX’s public listing earlier in June.

This represents SpaceX’s first direct inclusion in a traditional ETF, shifting from prior exposure available only through SPVs or accredited-investor structures with long lockups.

The inclusion comes after the reconstitution of the rebranded VettaFi Space Index, which now governs UFO’s holdings and enabled SpaceX to be included directly.

VettaFi serves as the index provider for UFO and earns an index licensing fee, with disclaimers clarifying that VettaFi does not sponsor or endorse UFO beyond indexing services.

UFO’s rebalance and reconstitution follow the VettaFi Space Index methodology, a framework developed with the Space Foundation and recognized as a Certified Space Data Product.

Inclusion is driven by the index’s thresholds, which assess market capitalization, trading volume, and space-related revenue to determine holdings and weights.

The methodology ensures that SpaceX’s weight within UFO reflects its eligibility under cap, liquidity, and space-revenue criteria.

UFO has grown to over half a billion to a billion in assets and was reconstituted under the updated index, enabling faster inclusion of mega-cap space players like SpaceX.

Investors should review UFO’s prospectus for risks, including sector concentration in space-focused companies, potential launch delays, regulatory impacts, and foreign securities risk.

The move underscores UFO’s transparency and liquidity benefits, with SpaceX’s inclusion likely influencing the fund’s portfolio characteristics and future index reconstitutions.

UFO is distributed by Quasar Distributors LLC.

Overall, SpaceX’s entry into a major passive vehicle marks a milestone for real-time space exposure in mainstream portfolios, driven by the updated index and inclusion rules.