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Space ETF Soars on SpaceX IPO Hopes
9 Jun
Summary
- The ETF has seen a 33% increase this year driven by SpaceX IPO anticipation.
- It holds 66% of its investments in U.S. companies, with global exposure too.
- Top holdings include Rocket Lab, EchoStar, and MDA Space, with significant gains.
The Tema Space Innovators ETF (NASA) has experienced significant growth, climbing approximately 33% this year, largely due to its investment in SpaceX. This ETF, established on March 30, 2026, invested in SpaceX through a special-purpose vehicle and may acquire additional shares post-IPO. While SpaceX is a key attraction, the ETF's long-term success also hinges on its other holdings.
Globally diversified, 66% of the ETF's investments are U.S.-based, with notable percentages from Canada (11.6%) and Japan (7.3%). Sector-wise, it allocates 52.4% to industrials, 19.3% to information technology, and 18.1% to communication services. As of June 5, 2026, SpaceX is the fourth-largest holding. The top three are Rocket Lab (10.3%), EchoStar (7%), and MDA Space (6.9%), companies involved in rocket launches, satellite communications, and space exploration, respectively.
Rocket Lab shares have surged 271%, EchoStar shares 627%, and MDA Space shares 80% over the last year. Despite this rapid ascent, a cautious investment approach is advised. The ETF's substantial attention stems partly from its pre-IPO SpaceX stake. Any significant drop in excitement following the SpaceX IPO could negatively impact space stocks and similar ETFs.
