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Space-focused exchange-traded funds are drawing record inflows as anticipation builds around SpaceX's planned public market debut, according to Reuters.
Data from Morningstar Direct, as cited by Reuters, shows the sector pulled in $1.3 billion over the past month, bringing cumulative assets across space-themed ETFs to $3.3 billion. Before 2026, the Procure Space ETF — launched in 2019 — was the sole fund available to investors wanting dedicated exposure to the space economy rather than the broader aerospace and defense sector. That changed as SpaceX's IPO plans solidified, with six rival funds entering the market over the past three months.
The Tema Space Innovators ETF, ticker NASA, reached $1.27 billion in assets within roughly seven weeks of its launch — a milestone that took the Procure Space ETF the better part of a decade to reach. The Procure Space ETF now holds nearly $900 million in assets under management and has posted a 49% year-to-date return, according to Benzinga.
The VanEck Space ETF and the Corgi Space and Satellite Communications ETF, which entered the market within a day of each other at the start of May, have combined to draw $13.6 million in assets, Reuters reported. The pipeline of new products is still growing: SEC filings point to at least two more space-focused funds set to debut around SpaceX's expected mid-June listing, alongside leveraged and enhanced income vehicles tied directly to the company's stock.
