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Barchart
Barchart
Rob Isbitts

The UFO ETF Is Crashing Back to Earth as SpaceX Stock Treads Water Below $135

SpaceX UFO ETF SPCX

There’s no denying that the space industry has plenty of long-term potential. But as I’ve seen for a decade, pulling future returns forward is a recipe for disaster.

Look no further than the Procure Space ETF (UFO), a fund launched well before SpaceX (SPCX) stole industry headlines with its record-setting IPO.

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