State Street SPDR S&P Kensho Final Frontiers ETF

ROKT

Market cap $101M

As SpaceX moves toward what may be the largest IPO in history, investors have turned their attention to the skies. The enthusiasm surrounding Elon Musk's latest company to enter the public trading sphere could very well boost share prices industry-wide, even for potential rivals.

Space economy gains traction as billions flow into LEO, boosting space ETFs amid rising satellite launches, along with expanding commercial and defense demand.

SpaceX is the most anticipated market debut of the decade, and space ETFs like the Procure Space ETF (NASDAQ:UFO ) , ARK Space & Defense Innovation ETF (BATS:ARKX ) , and State Street SPDR S&P Kensho Final Frontiers ETF (NYSEARCA:ROKT ) will be the biggest beneficiaries.

ARKX and other space ETFs are riding a surge as the S&P Kensho Space Index posts a record year, fueled by rising investment and defense focus.

The space economy is taking off as innovation, SpaceX IPO buzz and Moon missions fuel sector growth. Here are ETFs to ride the sector's rapid growth and momentum.

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.