Top space ETFs like NASA and UFO have surged and are seeing strong inflows this year ahead of the SpaceX IPO but risks remain.

SpaceX's S-1 IPO filing targets an $80B raise at a $2T+ valuation, sparking double-digit rallies in Rocket Lab, Intuitive Machines, and other space stocks.

Rocket Lab and AST SpaceMobile have surged as investors bet on the next phase of the space economy. But aerospace giants including Boeing, Airbus, and Lockheed Martin could also…