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Jun 12, 2026 12:00 PM

Space ETFs Plunge As SpaceX Debuts In Record IPO: Expert Explains The Sell-Off

It was supposed to be a fireworks day for the space industry. Instead, it’s turning into a drubbing.

Exchange-traded funds tracking space stocks sold off sharply Friday morning, even as Elon Musk’s Space Exploration Technologies Corp. (NASDAQ:SPCX) made its trading debut in the largest initial public offering in history.

By 10:00 a.m. ET in New York, the declines were broad across the group:

Global X Space Tech ETF (NASDAQ:ORBX) fell nearly 8%

VanEck Space ETF (NASDAQ:WARP) dropped 6.8%

Tema Space Innovators ETF (NYSE:NASA) lost 6.5%

Roundhill Space & Technology ETF (NYSE:MARS) slid 6%

Procure Space ETF (NASDAQ:UFO) declined 4.5%

ARK Space Exploration & Innovation ETF (NYSE:ARKX) fell over 2%

The pullback landed on the same session the sector got its marquee event.

SpaceX priced at $135 per share for a roughly $1.77 trillion valuation, raising about $75 billion, a debut that ranks as the biggest IPO ever recorded.

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Why Space Funds Fell On SpaceX’s Big Day

In an exclusive interview with Benzinga, Tema ETFs founder and CEO Maurits Pot said ...

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