Two months, $2.6 billion: How NASA ETF turned SpaceX IPO access into a hot retail trade
With Elon Musk's SpaceX IPO ahead, retail investors are rushing into space-themed ETFs including NASA which offers direct access to the rocket company.
AI Summary
Tema ETFs' Space Innovators ETF (ticker: NASA) has attracted $2.6 billion in assets within two months of its March launch, driven by retail investors seeking exposure to SpaceX ahead of its anticipated IPO. The fund already holds privately traded SpaceX shares directly, representing about 7.5% of its portfolio, making it one of the few investment vehicles available to retail investors with direct access to the rocket company. The fund's founder stated there are no plans to sell SpaceX shares after the IPO, viewing the public offering as simply a remarking of the position to market price.