Forget SpaceX: These 4 Space ETFs Pay Off Without the IPO Wait

By Trey Thoelcke Published Apr 25, 9:30AM EDT

Quick Read

While chatter and speculation about a SpaceX initial public offering continue, four exchange-traded funds already deliver the space exposure that retail investors want.
Procure Space ETF (UFO) and SPDR S&P Kensho Final Frontiers ETF (ROKT) track indexes, while ARK Space Exploration & Innovation ETF (ARKX) and Roundhill Space & Technology ETF (MARS) are actively managed.

Follow 24/7 Wall St. on Google

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Forget SpaceX: These 4 Space ETFs Pay Off Without the IPO Wait — © 24/7 Wall St.

SpaceX is the ticker every retail investor is asking about, fueled by IPO chatter and Elon Musk headlines that refuse to quiet down. Four publicly traded exchange-traded funds (ETFs) already deliver the space exposure that retail investors are chasing.

The SpaceX trade is a waiting game that retail investors keep losing. The company remains private, no brokerage account delivers retail customers pre-IPO allocation on terms that matter, and insider super-voting share structures will dictate who profits first when the roadshow finally arrives. Polymarket contracts have already churned through $3.1 million in volume on cumulative deadline markets, with the June 2026 monthly outcome pricing a 72.5% implied probability that traders have been revising for months. Meanwhile, publicly traded space ETFs are already listed, already holding the ecosystem’s winners, and already compounding returns for investors who skipped the guessing game entirely.

The Pure-Play: Procure Space ETF

Procure Space ETF (NYSEARCA: UFO) is the closest thing to a dedicated space bet on the market. It tracks the S-Network Space Index with an expense ratio of 75 basis points and over $376 million in net assets. Three reasons this belongs on the list:

Top holdings read like the SpaceX competitor set: Planet Labs at 5.4%, EchoStar at 5.2%, AST SpaceMobile at 4.6%.
Real diversification outside the United States, with 68.2% U.S., 7.2% Japan, and 6.3% Canada.
Performance that embarrasses the “wait for the IPO” crowd: up 133.7% over one year and 31.7% year to date.

The Index Play: SPDR S&P Kensho Final Frontiers ETF

For investors who want broader industrial muscle behind the theme, the SPDR S&P Kensho Final Frontiers ETF (NYSEARCA: ROKT) is the cheapest option. Launched October 22, 2018, it tracks the S&P Kensho Final Frontiers Index.

A rock-bottom 0.45% expense ratio paired with a 0.3% dividend yield, a rarity in thematic products.
A defense-anchored book: Aerospace & Defense is 53% of the fund, with Lockheed Martin at 3.7%, Northrop Grumman at 3.5%, and L3Harris at 3.4%, alongside Planet Labs at 6.2% and Intuitive Machines at 4.5%.
Long-run results worth noticing: up 111.0% over one year and 270.2% since October 2018.

The Active Option: ARK Space Exploration & Innovation ETF

The ARK Space Exploration & Innovation ETF (BATS: ARKX) is an actively managed choice for investors who want a portfolio manager curating winners rather than an index methodology.

Cathie Wood’s team rotates holdings around reusable launch, satellite connectivity, and enabling technology themes, which suits investors who prefer conviction over mechanical weighting.
Returns have closed the gap: up 79.4% over one year and 12.8% year to date.
It trades at $33.45, a lower nominal share price than either UFO or ROKT.

The New Kid: Roundhill Space & Technology ETF

Launched in early March 2026, Roundhill Space & Technology ETF (BATS: MARS) is a specialized, actively managed fund focused on the transition of the space economy from government-led exploration to a commercial-scale infrastructure.

The 75-basis-point expense ratio is on par with UFO and ARKX, and since inception, its net asset value (NAV) has risen approximately 27.5%.
The fund is relatively concentrated, with the top 10 holdings making up more than 60% of the total portfolio. Top holdings include Rocket Lab (11.5%), EchoStar (11.3%), and AST SpaceMobile (10.3%).
Roundhill marketed this fund specifically as a vehicle ready to capture the SpaceX IPO.

The Framework

For investors weighing space exposure, these four ETFs offer a different structural tilt: UFO for the purest space exposure, ROKT for low-cost defense-weighted breadth with a yield, and ARKX and MARS if you want an active manager calling the shots. They are already trading while a SpaceX listing remains speculative.

About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.