SpaceX is not yet public, but the race to own it is already rearranging the ETF market.
A new space ETF with SpaceX exposure has surged past older rivals in assets just two months after launching, turning a once-niche corner of the ETF market into a pre-IPO access trade for one of the biggest expected IPOs on Wall Street.
The Tema Space Innovators ETF (NASA) has leapfrogged the Procure Space ETF (UFO), the ARK Space & Defense Innovation ETF (ARKX), and the SPDR S&P Kensho Final Frontiers ETF (ROKT) in fund assets since launching in March.
Jared Blikre | Yahoo Finance