SpaceX IPO Effect? Space ETFs Surpass $5 Billion In Assets For The First Time Ever

Space-focused ETFs have surpassed $5 billion in total assets under management for the first time, with assets doubling since the start of the year and surging over 900% year-over-year. The Tema Space Innovators ETF (NASA) has grown to $2.6 billion in assets since its March launch, with a 50% price surge. SpaceX is preparing for its IPO with plans to sell over 555 million shares at $135 per share, with the ETF offering retail investors exposure to the company at a 7.5% fund weight.