Space ETFs are exploding in popularity: Total assets under management (AUM) in space-themed ETFs has surpassed $5 billion for the first time in history. Since the start of 2026, space ETF AUM has more than DOUBLED. Over the last year, this figure has surged by over +900%. Meanwhile, the Space Innovators ETF, NASA, launched on March 30th, has grown its AUM to a record $2.6 billion. Over this period, the fund price has surged +50%, including a +37% increase in May alone. This comes as NASA is one of the few investment vehicles available to retail investors that offers exposure to SpaceX, which currently accounts for 7.5% of the fund. Retail is ready for the SpaceX IPO.(The Kobeissi Letter)