The UFO ETF crosses $1B in AUM as investors rush into space-focused ETFs and satellite stocks ahead of the highly antimpated SpaceX IPO.

SpaceX-linked ETFs NASA, RONB and XOVR are drawing Nvidia-like investor frenzy as traders rush for exposure to the booming private aerospace giant.

The VanEck space ETF is up 24% in five days, with Redwire, Rocket Lab, and AST SpaceMobile among the biggest movers