As the space economy could approach toward a $1 trillion future, the public debut of SpaceX could introduce a major new holding across select Global X thematic and equity ETFs.
The space economy is entering a new phase of growth, and the upcoming SpaceX IPO marks a significant milestone for the industry. As one of the most anticipated public listings in recent years, the debut of SpaceX will not only reshape public market access to the space sector but may also create new opportunities for thematic ETF investors.
The global space economy is already substantial, estimated at roughly $500 billion today and projected to approach $1 trillion by 20341. Growth has been driven in part by dramatic reductions in launch costs. In the 1960s, sending one kilogram of payload into orbit could cost around $400,000. Today that figure is closer to $1,000 per kilogram, unlocking new commercial applications ranging from communications and geospatial data to defence infrastructure and global broadband2.
Sources
1 Novaspace. (2026, January). The Space Economy Report.
2 NASA Technical Report The Recent Large Reduction in Space Launch Cost – NASA Technical Reports Server (NTRS)
SpaceX has played a central role in that transformation. The company has built one of the world’s most dominant launch platforms while simultaneously developing a large satellite-based connectivity network through its Starlink service. Starlink has become the economic engine of the business, generating the majority of the company’s revenue through its rapidly expanding global broadband network. With millions of subscribers worldwide, the platform represents a scalable recurring revenue stream layered on top of SpaceX’s launch capabilities.
For ETF investors, the anticipated IPO introduces a potential new component within diversified space and technology portfolios. Rather than relying on a single company outcome, thematic ETFs are designed to capture the broader ecosystem supporting the space economy. That includes launch providers, satellite operators, communications infrastructure companies, component manufacturers, and data providers that enable the growing orbital economy.
If SpaceX meets the eligibility criteria of relevant index methodologies, it could be incorporated into several Global X ETFs through established “fast entry” mechanisms designed to integrate significant new listings into portfolios more quickly than traditional reconstitution schedules.
Based on current index methodologies, estimated exposure levels could include approximately 4.5% in the Global X NYSE 100 ETF (NYSX), roughly 15% in the Global X Space ETF (ORBX), around 3% in the Global X Artificial Intelligence & Technology Index ETF (AIQ), and approximately 0.6% within the Nasdaq Q‑Suite strategies.
Scenario Analysis for Illustrative Purposes Only
*Interpolated weights based on TD ETF Research June rebalance predictions
Other Assumptions: IPO/Free Float Size – $75B USD
For investors, the key takeaway is that the inclusion of SpaceX would not represent a shift in strategy but rather a natural evolution of the thematic exposure already embedded within these funds. The space economy continues to expand beyond rockets alone, encompassing satellites, data networks, defense systems, and emerging digital infrastructure.
Through diversified ETF exposure, investors can participate in that broader growth while avoiding the concentration risks that often accompany single‑stock investments.
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Published June 11, 2026.