Space ETF Launches Surge Ahead of Potential SpaceX IPO

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ETF issuers filed or launched nine space-themed funds in three months as Wall Street positioned for a potential SpaceX IPO. SpaceX confidentially filed an S-1 with the SEC in early April and is targeting a June listing at a valuation that could exceed $1.5 trillion. Procure Space ETF drew a record $175 million in first-quarter inflows, showing early demand for the theme.

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