Tema’s Space Innovators ETF Tops $300M AUM With SpaceX SPV Exposure
Tema’s Space Innovators ETF launched in March 2026 and reached $300 million in assets under management within weeks, driven by retail demand for SpaceX exposure through a Forge SPV. The actively managed fund carries a 75 basis-point fee and aims to capture structural growth across space supply chains.
1. March Launch and Rapid AUM Growth
The Tema Space Innovators ETF (ticker NASA) debuted in March 2026, coinciding with the Artemis II mission window. Early retail interest propelled the fund above $300 million in assets under management within its first weeks on the market.
2. Active Management and Thematic Filter
The ETF charges a 75 basis-point management fee and follows a disciplined thematic approach that prioritizes long-term structural growth. Tema screened out marketing-driven trends to focus on sectors where active management can add meaningful value and fill gaps in existing investment products.
3. SpaceX Exposure via Forge SPV
To secure SpaceX exposure, the fund uses a special purpose vehicle provided by Forge, enabling secondary-market access to private shares. SpaceX’s vertically integrated model accounts for over 50% of global launches and sets industry cost and innovation benchmarks.