Space ETFs Surpass $5 Billion In Assets Ahead Of SpaceX IPO – Tema Space Innovators ETF (ARCA:NASA)
SpaceX‘s IPO could be leading a charge for exchange-traded funds (ETFs) dealing with space companies’ stock as the June public listing draws closer.
Space ETFs Surpass $5 Billion
In a post on X on Wednesday, The Kobeissi Letter posted that ETFs dealing with Space companies had “surpassed $5 billion” in total assets under management “for the first time in history.”
The post said that assets had “doubled” since the start of the year. “Over the last year, this figure has surged by over +900%,” the post said.
Tema Space Innovators ETF (NYSE:NASA) assets grew to a “record $2.6 billion” since it was launched in March, the post said, adding that the fund’s price also surged 50% in the same period.
The fund is also “one of the few investment vehicles available to retail investors that offers exposure to SpaceX,” the post said, as the company carries a weight of 7.5% of the fund. “Retail is ready for the SpaceX IPO,” the post mentioned.
SpaceX IPO
SpaceX, in filings with the Securities and Exchange Commission (SEC), said that the company would be selling more than 555 million shares of the commercial space flight giant at $135/share.
The company also pointed towards its deal with Anthropic, which would see compute provided to the company that includes approximately 325,000 Nvidia Corp. (NASDAQ:NVDA) GPUs.
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