Procure Space ETF added SpaceX at a 6.17% weight following its June 12 public listing. SpaceX now trades at 20x projected 2027 sales with $4.94 billion annual losses, while AST SpaceMobile and Rocket Lab valuations appear more attractive, potentially affecting ETF returns.
Procure Space ETF expanded its portfolio by adding SpaceX at a 6.17% weight as of June 16, 2026, following the company’s June 12 public listing. This move delivers the first direct ETF exposure to SpaceX under the VettaFi Space Index methodology, granting daily liquidity to retail investors.
SpaceX now trades at 20x projected 2027 sales despite posting $4.94 billion in annual losses, a multiple driven by retail options demand and scarce float. Such elevated valuation metrics could introduce significant volatility into ETF performance.
AST SpaceMobile and Rocket Lab have recently rebounded, trading at lower multiples and offering more conservative risk-reward profiles compared with SpaceX. Their relative value potential may help balance portfolio volatility and influence sector allocation shifts within the ETF.
