--- title: "ETF Investors Are Treating SpaceX Like The Next Nvidia" type: "News" locale: "en" url: "https://longbridge.com/en/news/287655825.md" description: "SpaceX-linked ETFs, including NASA, RONB, and XOVR, are experiencing a surge in investor interest, reminiscent of the frenzy around Nvidia. These funds have seen significant inflows, with NASA attracting $598 million and RONB $771 million in just one week. The trend highlights a shift towards SpaceX-focused investments, as these ETFs now dominate the market, with NASA's assets surpassing $1.42 billion. This reflects a growing demand for exposure to elite private companies like SpaceX, which may soon go public at a valuation over $2 trillion." datetime: "2026-05-26T15:01:19.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287655825.md) - [en](https://longbridge.com/en/news/287655825.md) - [zh-HK](https://longbridge.com/zh-HK/news/287655825.md) --- # ETF Investors Are Treating SpaceX Like The Next Nvidia A growing wave of investors chasing exposure to **SpaceX** is setting a fresh trend in the ETF market, with niche space-focused funds suddenly drawing massive inflows as traders hunt for ways to tap into one of the world's most valuable private companies. The frenzy has pushed several relatively small ETFs into the top tier of weekly fund flows, echoing the kind of momentum-driven investor behavior previously seen around AI-linked trades tied to **Nvidia Corp**. **Tema ETFs** CEO and founder **Maurits Pot**, in a recent interview with _Benzinga_, summed up the trend by saying, "We felt a space ETF without SpaceX was like a semiconductor ETF without Nvidia," underscoring how difficult it has become for investors to view meaningful space-industry exposure without including **Elon Musk**'s aerospace giant — much like removing NVDA from a chip-sector portfolio. According to Bloomberg Intelligence ETF analyst **Eric Balchunas**, ETFs with direct or indirect SpaceX exposure — including **Tema Space Innovators ETF** (NYSE:NASA), **Baron First Principles ETF** (NYSE:RONB), and **ERShares Private-Public Crossover ETF** (NASDAQ:XOVR) — all ranked among the top 1% of ETF inflows over the past week. **Read Next:** - SpaceX's $2 Trillion Valuation May Be More About Starlink Than Rockets - EXCLUSIVE: SpaceX Frenzy Sends New ETF Past $1 Billion In Just Weeks — TEMA CEO Says Space Economy 'Still In Early Innings' Data shared by Balchunas showed the NASA ETF attracting roughly $598 million in one-week inflows, while RONB pulled in about $771 million over the same period. NASA also gathered nearly $1.25 billion in year-to-date inflows, while RONB added approximately $1.21 billion. RONB's assets under management have exploded from around **$400 million to nearly $1.3 billion in just two weeks**, underscoring how aggressively investors are piling into SpaceX-linked strategies. > The ETFs that hold SpaceX $NASA, $RONB (only one with direct shares) and $XOVR are all in top 1% of inflows in the past week. $RONB has also TRIPLED aum from $400m to $1.2b in past 2wks. In short, SpaceX is giving otherwise small/new ETFs superpowers. pic.twitter.com/DDGxOpLKYP > > — Eric Balchunas (@EricBalchunas) May 26, 2026 ## SpaceX Exposure Is Driving The Category The rally marks a dramatic shift in the competitive landscape for space ETFs. For years, products such as **ARK Space & Defense Innovation ETF** (BATS:ARKX), **Procure Space ETF** (NASDAQ:UFO), and **State Street SPDR S&P Kensho Final Frontiers ETF** (NYSE:ROKT) dominated the category by offering diversified exposure to satellites, aerospace manufacturers, and defense contractors. Now, investors appear increasingly focused on one company. The NASA ETF has surged past several of those established rivals in assets despite launching only about two months ago. Bloomberg Intelligence data showed NASA's assets climbing to roughly $1.42 billion, overtaking UFO, ARKX, and ROKT. A key catalyst has been the ETF's approximately 10% allocation to a SpaceX special purpose vehicle (SPV), which gives investors indirect exposure to the private company. The fund has also delivered returns of around 55%, adding to the momentum. Meanwhile, RONB stands out as the only ETF among the group holding direct shares of SpaceX, according to Balchunas. ## Private-Market Mania Reaches ETFs The surge highlights how ETFs are increasingly becoming vehicles for retail investors seeking access to elite private-market companies that are otherwise difficult to own. With speculation mounting that SpaceX could eventually debut publicly at a valuation exceeding $2 trillion, investors appear willing to pour money into any listed fund offering even partial exposure. The result is what Balchunas described as SpaceX giving "otherwise small/new ETFs superpowers." **Read Also: SpaceX IPO Excitement Takes NASA ETF Hurtling Past $1 Billion In AUM** _Photo: Shutterstock_ ### Related Stocks - [LUNR.US](https://longbridge.com/en/quote/LUNR.US.md) - [RDW.US](https://longbridge.com/en/quote/RDW.US.md) - [SIDU.US](https://longbridge.com/en/quote/SIDU.US.md) - [GSAT.US](https://longbridge.com/en/quote/GSAT.US.md) - [RKLB.US](https://longbridge.com/en/quote/RKLB.US.md) - [SATS.US](https://longbridge.com/en/quote/SATS.US.md) - [ASTS.US](https://longbridge.com/en/quote/ASTS.US.md) - [PL.US](https://longbridge.com/en/quote/PL.US.md) - [VSAT.US](https://longbridge.com/en/quote/VSAT.US.md) - [SPIR.US](https://longbridge.com/en/quote/SPIR.US.md) - [ROKT.US](https://longbridge.com/en/quote/ROKT.US.md) - [UFO.US](https://longbridge.com/en/quote/UFO.US.md) - [ITA.US](https://longbridge.com/en/quote/ITA.US.md) - [ARKX.US](https://longbridge.com/en/quote/ARKX.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [NASA.US](https://longbridge.com/en/quote/NASA.US.md) - [RONB.US](https://longbridge.com/en/quote/RONB.US.md) - [XOVR.US](https://longbridge.com/en/quote/XOVR.US.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) ## Related News & Research - [SpaceX IPO is said to be over two times oversubscribed already](https://longbridge.com/en/news/288937244.md) - [EXPLAINER-How can retail investors buy shares in SpaceX's IPO?](https://longbridge.com/en/news/288955544.md) - [Why VOO ETF Investors Don't Have to Worry About Buying SpaceX Stock Just Yet](https://longbridge.com/en/news/289506372.md) - [Forget the SpaceX IPO: 3 AI Space Stocks to Buy and Hold Instead](https://longbridge.com/en/news/289019775.md) - [SpaceX Announced an Important Detail About Its IPO. 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