It can be anything! An apex, subdomain, or even a URL.

Results forspf.privasphere.com

Resolver

Location

TXT

Name	TTL	Value
spf.privasphere.com	600	v=spf1 ip4:185.166.96.0/24 ip4:185.166.99.0/24 ip4:83.150.3.96/27 ip4:83.150.37.32/27 ip4:212.25.12.128/27 ip4:212.25.12.192/28 include:spf.iway.ch -all