Tema Space Innovators ETF draws attention for SpaceX pre-IPO access
Business
Space stocks are having a moment, and it's all thanks to the buzz around SpaceX's upcoming IPO.
The Tema Space Innovators ETF (NASA) is getting extra attention since it's the only pure-play space fund with pre-IPO access to SpaceX (about 11% of its portfolio is tied up in Elon Musk's rocket company).
Launched just this March, NASA also holds shares in Rocket Lab, Planet Labs, and Firefly Aerospace.
The Tema Space Innovators ETF (NASA) is getting extra attention since it's the only pure-play space fund with pre-IPO access to SpaceX (about 11% of its portfolio is tied up in Elon Musk's rocket company).
Launched just this March, NASA also holds shares in Rocket Lab, Planet Labs, and Firefly Aerospace.
Space ETFs post double-digit gains
Since launch, NASA ETF has jumped over 25%, riding the wave of excitement for space tech. But it's not alone. Other space ETFs are blasting off too.
Procure Space ETF (UFO) is up more than 40% this year. Even without direct ties to SpaceX, Cathie Wood's ARK fund is up nearly 20%, and State Street's ROKT has climbed almost 35%.
Newcomers like MARS and ORBX are also seeing strong gains as investors keep betting big on the future of space.
Procure Space ETF (UFO) is up more than 40% this year. Even without direct ties to SpaceX, Cathie Wood's ARK fund is up nearly 20%, and State Street's ROKT has climbed almost 35%.
Newcomers like MARS and ORBX are also seeing strong gains as investors keep betting big on the future of space.