On June 12, Tema Space Innovators ETF rose 8.26% overnight, trading at $38.37/share, with turnover of $3.43 million.

The surge comes as SpaceX is scheduled to begin trading on Nasdaq under ticker SPCX on June 12 at an offering price of $135/share, raising approximately $75 billion and implying a valuation of $1.77 trillion — the largest IPO in global history. The offering has been nearly four times oversubscribed, with over $250 billion in investor demand, and 30% of shares allocated to retail investors.

The space sector has seen extraordinary capital inflows this year. Global space-themed ETFs have attracted approximately $8 billion in net inflows year-to-date, ranking second among all thematic ETF categories behind only artificial intelligence. BlackRock recently launched a new space ETF in Europe featuring an IPO fast-inclusion mechanism designed to capture newly listed space companies within 10 to 30 days. The Tema Space Innovators ETF itself had attracted $2.6 billion since its March launch, driven largely by SpaceX IPO anticipation.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)