On June 30, Tema Space Innovators ETF rose 8.05% in regular trading, trading at $28.7/share, with turnover of $60.78 million.

On the news front, Rocket Lab announced it will acquire satellite communications operator Iridium for approximately $8 billion at $54 per share in a cash-and-stock deal, aiming to build a vertically integrated aerospace giant combining launch capabilities with Iridium's global satellite network and spectrum resources. Deutsche Bank and Wells Fargo have committed a $3.6 billion 364-day senior secured bridge term loan to support the transaction. Additionally, NASA recently selected Rocket Lab to execute three Electron rocket launch missions for the PolSIR and TSIS-2 science programs, expected to commence in early 2027.

These multiple catalysts lifted the broader space sector, with Rocket Lab itself surging over 9% to trade around $93 per share. As a space innovation-themed ETF, Tema Space Innovators benefited from the sector-wide positive sentiment driven by the convergence of the landmark acquisition and government contract wins.

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