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ETF Prime: Space & AI Infrastructure in Focus

BY | ETF Database

10:26 am ET 05/13/26 | 9 VIEWS

Related Symbols
UFO

Andrew Chanin, CEO of ProcureAM, and Paul Baiocchi, head of fund sales and strategy at SS&C ALPS Advisors, joined Nate Geraci on this week’s ETF Prime to discuss specialized thematic opportunities. The Procure Space ETF (UFO ) has grown from $50 million to over $800 million in assets over the past year while gaining nearly 150% in the same period, according to Chanin.Key Takeaways: Procure Space ETF surges from $50M to $800M in one year with 150% gain. Index rebrands to VettaFi Space Index, adds fast-track rule for major IPOs. AI infrastructure sectors represent under 10% of S&P 500 despite rising demand. See more: Rocket Labs (RKLB) Surge Boosts Space ETF UFO The fund’s index will rebrand to the VettaFi Space Index on May 15 and is implementing a mega-cap IPO rule to include major space companies the day after their IPO price is calculated. The potential SpaceX IPO serves as a catalyst for the theme, Chanin said. Baiocchi discussed the physical infrastructure supporting artificial intelligence (AI), noting that while the S&P 500 is over 50% technology and communication services, the materials, utilities, and energy sectors that power AI make up less than 10% of the index. SS&C ALPS manages 26 ETFs with nearly $22 billion in assets, including funds targeting electrification infrastructure, energy pipelines, nuclear technology, and data center REITs.Listen to This Week’s Episode of ETF PrimeFor more ETF Prime podcast episodes, visit our ETF Prime Content Hub. VettaFi is the index provider for the UFO, for which it receives an index licensing fee. However, UFO is not issued, sponsored, endorsed, or sold by VettaFi. VettaFi and its affiliates have no obligation or liability in connection with the issuance, administration, marketing, or trading of UFO.

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