Space ETFs are drawing attention as the SpaceX IPO approaches. We compare 5 space-related ETFs and what to look out for before investing.
What happened?
The space economy is gaining more investor attention.
Earlier, we looked at growth in the space economy, as satellites, launch systems, defence networks and space-based data become part of modern infrastructure.
The World Economic Forum and McKinsey & Co projected that the global space economy could nearly triple from US$630 billion in 2023 to US$1.8 trillion by 2035.
This has also led to more discussion in the Beansprout community around SpaceX, including how investors can gain exposure to the broader space economy theme.
In this article, I look at five space-related ETFs that provide exposure to this theme, and what investors may consider before investing.
Why space ETFs are gaining investor interest
For many investors, the space economy still sounds like science fiction. It is still associated with rockets, moon missions, and space tourism....