Intuitive Machines Gains 1% as STAR ETF Allocates 3.4% Weight After SpaceX ETF Frenzy
LUNR•Intuitive Machines shares rose 1% in overnight trading following a wave of new leveraged SpaceX ETFs targeting the upcoming IPO. The company holds a 3.4% weight in BlackRock’s iShares Space Technologies UCITS ETF (STAR), which tracks the STOXX Global Space Satellites and Drones Index with a 0.5% expense ratio.
1. Overnight Trading Reaction
In overnight trading following announcements of new leveraged SpaceX-focused ETFs, Intuitive Machines shares climbed 1%, reflecting spillover interest in space industry exposure ahead of the SpaceX IPO.
2. STAR ETF Weighting Details
BlackRock’s iShares Space Technologies UCITS ETF (STAR) launched with 56 holdings and a 0.5% expense ratio, assigning 3.4% of its portfolio to Intuitive Machines within its STOXX Global Space Satellites and Drones Index tracking strategy.
3. Implications for Intuitive Machines
The influx of capital into both broad and SpaceX-specific ETFs is driving increased liquidity and potential volatility for mid-cap space companies like Intuitive Machines, as investors seek amplified sector gains through leveraged products.
