Global X in ETF MOON launch

Mike Taylor

Managing Editor and Publisher

11 June 2026

Global X has sought to leverage strong Australian investor interest in the potential SpaceX initial public offering (IPO) with the launch of the Global X Space Tech exchange traded fund (ETF) (ASX: MOON) on the Australian Securities Exchange (ASX).

The company said MOON will begin trading on the ASX today and track the Mirae Asset Space Tech Index, based on four key sub-themes – rocket launch and reusable rockets, space tech and components, satellite telecommunications and data services, and space transportation, tourism and exploration.

Referencing the looming Space IPO, Global X said that subject to meeting index eligibility requirements, SpaceX is expected to be added shortly after listing via the index’s fast-track entry rule, at a weight of up to 25%.

Commenting on the product launch, Global X CEO Alex Zaika said the ETF provides a practical solution for Australian investors seeking access to the fast-growing space economy along with high-profile US listings.

“A decade ago, participating in marquee US IPOs meant opening offshore accounts and often missing out on allocations. Today, ETFs have become one of the most effective ways for Australian investors to access global growth opportunities,” he said.

Zaika said the theme is rapidly evolving into a core part of the global economy.

“Space is transitioning from a frontier market into a critical layer of economic infrastructure. Falling launch costs, reusable rocket technology, and advances in satellite networks are reshaping the investment landscape,” he said.

“The space economy is projected to surpass USD1 trillion over the coming decade, and investors are increasingly looking for simple ways to access that growth.”

MOON currently contains 28 companies including US-based earth imaging company Planet Labs PBC, launch service provider Rocket Lab and satellite telecommunications company Globalstar.

Global X Senior Investment Strategist Billy Leung said MOON is designed to deliver a more precise and investable exposure to the theme.

“The defining feature of MOON is its 50% revenue threshold, which ensures companies are genuinely tied to the space economy. This is what separates a true thematic exposure from traditional aerospace and defence indices,” Mr Leung said.

“The index captures the full value chain, from launch systems and satellite infrastructure through to data, applications and exploration, giving investors exposure to the entire commercial stack of space.”

He said the investment case is underpinned by powerful structural tailwinds: “The cost of reaching orbit has fallen dramatically, enabling dense satellite networks that support broadband, Earth observation and secure communications. At the same time, government and defence spending provides a durable demand floor for the sector.”

The ETF is structured as an uncapped strategy, allowing it to incorporate new entrants as the listed space ecosystem evolves.