Tema Space Innovators ETF

NASA

Market cap $1.26B

The iShares U.S. Aerospace & Defense ETF offers a significantly lower expense ratio of 0.38% compared to the 0.75% fee for the Tema Space Innovators ETF. The Tema Space Innovators ETF targets the specialized space economy while the iShares U.S. Aerospace & Defense ETF focuses on broad defense and aviation.

Investors seeking exposure to SpaceX (NASDAQ: SPCX) have new opportunities ahead of the company's addition to the Nasdaq-100 on July 7.

iShares U.S. Aerospace & Defense ETF offers a significantly lower expense ratio and larger assets under management than Tema Space Innovators ETF. Tema's ETF focuses on the frontier of the space economy, with private exposure, while iShares tracks established domestic aerospace giants.

Newly launched leveraged ETFs are seeing heavy inflows as investors look for fresh ways to play the SpaceX hype.

NEW YORK--(BUSINESS WIRE)--Tema ETFs (“Tema”), a leader in institutional-quality and actively managed exchange-traded funds, has surpassed $5 billion in assets under management (AUM) three years since listing its first product with $5 million.1 Tema has grown AUM by more than $3 billion in the first five months of 2026,2 underscoring strong momentum and growing adoption from financial advisors and professional investors.

When the SpaceX IPO blasts off, it could send shockwaves through the ETF marketplace, especially levered products. Strategas Securities chief ETF strategist Todd Sohn joins CNBC's Dominic Chu on "Halftime Report" to talk about this and more.

Invesco Aerospace & Defense ETF has a lower expense ratio of 0.58% compared to Tema Space Innovators ETF's 0.75%. Tema Space Innovators ETF focuses on the high-growth space economy, whereas Invesco Aerospace & Defense ETF provides broader exposure to established defense and industrial giants.

SpaceX's upcoming initial public offering has been a major boon for exchange-traded funds touting pre-IPO exposure to SpaceX. But soon those funds will be left to entice investors in a period when access to SpaceX isn't so tough to get.

Are we in an ETF bust or boom? Innovator from Goldman Sachs Asset Management chief investment strategist Tim Urbanowicz and Tidal Financial Group CEO Gavin Filmore sit down with CNBC's Seema Mody to talk about an industry that seems to be growing faster than the stocks it covers.

Retail investors are flooding into space-themed ETFs ahead of the SpaceX IPO, including Tema ETFs' NASA, which offers direct exposure to Elon Musk's rocket company. ETF experts say the uptick in interest in space investing could mirror the early AI investing wave.