State Street SPDR S&P Kensho Final Frontiers ETF

ROKT

Market cap $33.1M

The Invesco QQQ Trust (NASDAQ:QQQ ) has become the default setting for anyone who wants a piece of the Nasdaq's biggest names.

The S&P Kensho Space Index's 51.99% surge underscores investor enthusiasm as defense, tourism and climate tech fuel the booming space economy.

While aerospace and defense ETFs have recently caught investor interest, space ETFs have been quietly gaining traction. The space sector shares some overlap with the aerospace industry.

Shares of Rocket Lab surged over 40% on Wednesday, driven by upbeat earnings and a new deal, benefiting space ETFs.

Coming up as a new frontier, the space economy is expected to reach a valuation of $1.8 trillion by 2035. Look into ETFs to capitalize on the growing interest in interstellar exploration and surging capital infusion in the space sector.

These top-ranked ETFs underperformed the S&P 500 in Q1 of 2024. However, these ETFs have strong potential to rebound in the coming days.

Wall Street delivered a mixed performance in the past six months. These five ETFs have lost in that time-frame (although the S&P 500 is up about 5.5%).