The New ETF On Wall Street For SpaceX Exposure

There’s a new ETF on the New York Stock Exchange. And they’re making a bet on SpaceX.

What’s happening:

• Asset management company Tema has launched a new ETF known as the Tema Space Innovators ETF (NYSE: NASA) on the New York Stock Exchange
  

Why it matters:‍

• Tema’s new ETF’s single largest holding is private share of Elon Musk’s SpaceX and represents roughly 10% of their net asset value
  

Going deeper:‍

• Tema is one of the first asset management companies to launch an aerospace focused ETF on a major stock exchange in the United States with exposure to SpaceX
  
• The Tema Space Innovators ETF also holds AST SpaceMobile (NASDAQ: ASTS), Rocket Lab (NASDAQ: RKLB), Planet Labs (NYSE: PL), Firefly Aerospace (NASDAQ: FLY) and Intuitive Machines (NASDAQ: LUNR)
  

The fine print:‍

• The Tema Space Innovators ETF’s holdings in SpaceX are through a special purpose vehicle that is managed by Charles Schwab’s subsidiary Forge and does not represent equity purchased directly from SpaceX

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