SpaceX IPO Boosts Tiny Space ETF With Record Surge in Inflows

The looming market debut of Elon Musk’s rocket company SpaceX has sparked a rush of capital into smaller space ventures with investors eager to find a way to hitch a ride onto what could be the biggest listing ever.

The Procure Space ETF (ticker: UFO), a fund with a market value of about $415 million, pulled in nearly $175 million for the first quarter of the year, the largest inflows since its inception in 2019, according to data compiled by Bloomberg. The influx comes as investors search for ways into SpaceX, the space exploration, satellite and artificial intelligence ...