3 Ways to Get Space Economy Exposure Without Buying SpaceX Stock
Investors looking for exposure to the growing space economy can consider exchange-traded funds (ETFs) as an alternative to buying individual stocks like SpaceX. The article highlights three specific ETFs that offer diversified access to space-related companies.
Why it matters
As the space economy is projected to grow significantly, these financial instruments provide retail investors with accessible ways to participate in the sector's expansion.
Few stocks offer as much exposure to the space economy as Space Exploration Technologies . The company -- commonly known as SpaceX -- is the biggest space stock in the world, with direct exposure to rockets and satellites.
But it isn't the only investment with these growth opportunities. Buying one of the three space economy exchange-traded funds (ETFs) below offers more-balanced exposure.
The management consultancy McKinsey predicts that the global space economy will grow from $630 billion in 2023 to $1.79 trillion by 2035. The Tema Space Innovators ETF ( NASA +0.09% ) is designed to capitalize on this growth.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in