The space economy is substantial.

For one, SpaceX’s latest earnings show how much money the industry’s biggest businesses can generate. In fact, growing demand for satellite internet, expanding commercial opportunities and artificial intelligence are giving investors more to consider than the excitement surrounding another rocket launch. Two, according to McKinsey and the World Economic Forum, the global space economy could reach $1.8 trillion by 2035, up from $630 billion in 2023.

And while investors can always buy space stocks, such as SpaceX, ETFs like the Procure Space ETF (NASDAQ: UFO) offers a way to diversify at a lower cost.

Fueling excitement is SpaceX

SpaceX just reported third-quarter revenue of $14.6 billion, up 161% from a year earlier. Net income reached $4.4 billion, compared with a $1.1 billion loss in the same period last year. Operating income totaled approximately $2.8 billion.

Starlink remains especially relevant to the space economy. Consumer subscribers reached 13.6 million at the end of September, an increase of 1.6 million from the previous quarter. Connectivity revenue climbed 69% from a year earlier to approximately $5.2 billion, while operating income nearly doubled to $2.4 billion.

UFO Offers Exposure Across the Industry

Investors who want exposure to several space-related businesses can consider the Procure Space ETF, which holds 66 related stocks, and charges an annual expense ratio of 0.75%. That works out to approximately $75 annually for every $10,000 invested.

Its holdings include businesses involved in communications, navigation, launch services and satellite technology. Its largest position was SpaceX, representing approximately 16.15% of assets. Other major holdings included Trimble, Garmin, EchoStar, Rocket Lab, Viasat and AST SpaceMobile.

That SpaceX position creates a direct connection between the company’s performance and the fund. Stronger earnings could support UFO if investors reward SpaceX with a higher share price, although the fund’s other holdings also influence returns.

About Author

Ian Cooper

Ian Cooper has helped individual investors navigate financial markets, identify opportunities, and manage risk since 1999. He has taught thousands of investors to interpret market-moving news and investor psychology through a disciplined combination of technical and fundamental analysis.

His major market calls included calling the 2008 financial crisis months before it began, identifying risks in subprime and Alt-A mortgages, and warning of trouble at Lehman Brothers, Bear Stearns, and New Century Financial. He also forecast the Dow Jones Industrial Average’s decline toward 6,500 and its subsequent recovery, and projected gold’s rise above $1,500 an ounce when it traded below $600.

Today, Cooper draws on decades of experience to help investors make informed decisions and pursue long-term wealth creation. His approach emphasizes rigorous research, disciplined risk management, and an understanding of how fundamentals, price trends, and market sentiment influence investment opportunities.

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