ASX Betashares Space Industry Jumps 30% as SpaceX IPO Buzz Builds
The Betashares Space Industry ETF (ASX: RCKT) has surged around 30% since launching in May as investors rush for exposure ahead of the highly anticipated SpaceX IPO. The ETF tracks 28 global space companies including Rocket Lab and AST SpaceMobile and is increasingly being used by ASX investors as a proxy for the growing commercial space economy. SpaceX is targeting a valuation of up to US$2 trillion in what could become the largest IPO in history, helping drive strong momentum across space-related stocks and investment products globally.
Betashares Space Industry ETF, up approximately 30%, as investors look forward to a potential flotation of it, SpaceX.
Key Highlights
- Betashares RCKT ETF up around 30% since launch
- The ETF acts as a market proxy for SpaceX stocks among investors
be up to a valuation over US$2 trillion - SpaceX attempts for sales of entry
- The ETF's biggest positions are Rocket Lab and AST SpaceMobile
- 28 global cosmic industry companies.
SpaceX IPO Buzz Boosts ASX Space ETF
The Betashares Space Industry ETF, which lists on the ASX under the ticker RCKT, launched at $14/unit on 12 May 2026. The ETF has since soared around 30% as investors took bets on the anticipated SpaceX IPO, currently slated for approximately 12 June under ticker SPCX.
SpaceX is said to be pushing for a valuation of between US$1.7 trillion and US$2 trillion, potentially the biggest stock market listing in history. Every major RCKT-IPO-related development has continued to drive RCKT units higher as investors seek local exposure to what seems an ever accelerating global space sector.
Gains for Rocket Lab and AST SpaceMobile
The ETF tracks the Solactive Space Industry Index which is made up of 28 companies within the global space economy. The largest holdings are Rocket Lab as well as AST SpaceMobile, which each make up 12.6% of the portfolio.
Shares of Rocket Lab climbed more than 440% in the last year and AST SpaceMobile soared as it launched its first commercial satellite communications service with major U.S. carriers. The Solactive Space Industry Index, which is the underlying index this ETF tracks, has returned 249% over the last year.
Investors Watching for Possible SpaceX Involvement
Some investors are now questioning whether SpaceX shares will ultimately land in RCKTs hands following the IPO. The ETF is governed by index rules, SpaceX would have to qualify for inclusion after listing before the spade can become part of the portfolio.
The falling launch costs, and the rise of commercial opportunities to launch satellites into space, Betashares CEO Alex Vynokur said the global space industry was undergoing unprecedented change. Analysts also caution, however, that space investing remains a very volatile place to put your money and several of the companies with the largest holdings are still not profitable.
FAQs
- What is the RCKT ETF?
This would be the Betashares Space Industry ETF (ASX:ASTR).
- What has caused the recent rise of this ETF?
Investor enthusiasm over the upcoming SpaceX IPO has helped to generate interest.
- Is the ETF going to contain SpaceX?
Maybe, but only after SpaceX is listed and meets index inclusion requirements.
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