Tema Space Innovators ETF (NASA) surged 7.35% in pre-market trading on Tuesday.
The sharp rise was driven by explosive investor interest in space-themed investment products ahead of SpaceX's anticipated mid-June IPO launch. According to market data, U.S. space-related ETFs attracted $1.3 billion in new capital inflows over the past month alone, with the Tema Space Innovators ETF accumulating $1.27 billion in assets within just seven weeks of inception. Analysts have compared the current enthusiasm surrounding space stocks to the Tesla-driven electric vehicle frenzy, with additional space-themed ETFs and leveraged products expected to launch in the weeks following SpaceX's listing.