The flurry of exchange-traded fund (ETF) launches in the space industry following June's historic SpaceX (NASDAQ: SPCX) IPO continues. When Elon Musk's firm made history with a $75 billion IPO, it solidified space as a popular destination—for investments, if not for travel just yet. A handful of new leveraged and inverse funds surrounding SpaceX in particular have allowed investors to make outsized bets on an already-volatile stock.
But there are ways for investors to use ETFs to explore a space theme in a way that's deeper than a single name. To be sure, space industry funds existed for a long time before SpaceX went public, a bid to build exposure to a fast-growing industry projected to reach $1 trillion by 2032. However, two funds that have launched within a month or so of the IPO stand out for their unique approaches while risking going unnoticed by investors in the rush to find leveraged plays on Musk's company.
