finance
Space ETF Reaches $1 Billion in Assets 37 Days After Launch
The Tema Space Innovators ETF crossed $1 billion in assets under management 37 trading days after its launch. The actively managed fund focuses on companies in the commercial space sector.
May 22, 3:11 PM·1m read1 source
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The fund started with $1 million in seed capital and has become the largest space-focused ETF in the U.S. The ETF provides exposure to the commercial space economy ahead of a possible SpaceX initial public offering. Investors have driven inflows as interest grows in private-market access to the rocket and satellite company.
The fund's founder and CEO said the commercial space industry is still in the early innings. He stated that forecasts show the space economy is on track to nearly triple by 2035. He added that no ETF had previously been built to capture the space theme while including SpaceX.
The CEO compared a space ETF without SpaceX to a semiconductor ETF without Nvidia. Investor demand for SpaceX exposure has been a key driver of the fund's growth. The CEO said the broader transformation in the space economy is also important.
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