VanEck Launches ETF WARP To Tap Satellites, AI And The $600 Billion Space Economy
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VanEck has launched the WARP ETF, providing targeted exposure to companies in the $600 billion space economy, focusing on satellite, AI, and defense sectors. The ETF tracks the MarketVector Space Index (MVWARP), requiring companies to derive over 50% of revenue from space-related activities. With a modified market cap methodology and quarterly reconstitution, the ETF aims to capitalize on the growing demand for satellite connectivity and the strategic importance of space. Experts predict the space economy could triple by 2035, driven by advancements in launch services and AI.
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