A potential SpaceX IPO in 2026 could be amajor theme for investors. The potential offering could also significantly change the holdings of the Procure Space ETF (NASDAQ:UFO). Here's what Procure Holdings CEO and co-founder Andrew Chanin had to tell Benzinga about a potential SpaceX IPO.
What A SpaceX IPO Means?
Space stocks could get a major lift in 2026with a SpaceX IPO and the Procure SpaceX ETF would likely include the Elon Musk-led company as a top holding if the offering does happen.
"We've heard tons of ideas floated outover the last several years about Starlink spin-offs and SpaceX IPOs upon reaching Mars. This is definitely a new angle to a potential IPO event for the company," Chanin told Benzinga. "I think you have to take it seriously."
While Chanin is excited about the potentialoffering, he's also waiting to see if it actually happens.
"2026 is a long year. I think I'vealso heard, potential early 2027."
Chanin said that companies that haveplanned IPOs sometimes scrap their offerings due to the market drying up and/or waiting for a "better opportunity" to go public.
"The real question is what is themotivation behind going public and what's the motivation for now?"
The Procure Holdings CEO welcomes apotential SpaceX IPO if it happens.
"I'm excited for the broader spaceindustry as a whole. I think that would be exciting. But if it doesn't happen, I wouldn't be in the least bit surprised either."
What SpaceX IPO Means For UFO
The Procure Space ETF tracks the S-NetworkGlobal Indexes underlying index and invests in pure-play space stocks.
Chanin said there have been examples ofcompanies that have IPO’d and entered the indexrelatively quickly, which could allow a company like SpaceX to gain entry into the ETF faster than a typical quarterly rebalance.
The Procure Holdings CEO said SpaceXcertainly qualifies as a pure play space company.
"It's the largest pure play spacecompany in the world."
Chanin said the index and fund wouldconsider market capitalization and public offering, along with the percentage of revenue from space-related themes, to determine the size of SpaceX’s weighting.
The current top holding in the ProcureSpace ETF is Rocket Lab Corporation (NASDAQ:RKLB) at 5.35%. Based on comments from Chanin, SpaceX could end up being an even larger holding in the space ETF if the IPO happens in 2026 or 2027.