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Space ETFs Plunge As SpaceX Debuts In Record IPO: Expert Explains The Sell-Off
Benzinga·
Space ETFs experienced sharp declines on the day of SpaceX's record $1.77 trillion IPO at $135 per share. According to Tema ETFs CEO Maurits Pot, the sell-off reflects a rotation as investors shift capital from other space stocks into SpaceX rather than a loss of confidence in the sector. The pullback follows a powerful year-to-date rally of 65-78% in space funds, triggering a classic 'sell-the-news' reaction.
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