Space stocks tumble as S&P rules out quick index entry for SpaceX's $1.75T IPO, dashing hopes for massive passive fund inflows.

SpaceX's IPO leads to record $5B in space ETF assets, doubling since Jan. Tema Space Innovators ETF grows to $2.6B with 50% surge.

The mega-cap IPOs will have to wait.

SpaceX posted a net loss of $4.94 billion in 2025, even as revenue rose 33 per cent to $18.67 billion.

SpaceX won’t get easy access to billions of dollars from passive investors.