Space ETFs are Skyrocketing Ahead of SpaceX's IPO, but Are They Really Smart Buys Right Now?
These expensive plays on SpaceX's IPO aren't worth the risk.
Overview
SpaceX's market debut on June 12 will likely be the biggest IPO in history. That anticipation is driving a lot of space-themed ETFs higher, but should you hop aboard that bandwagon?
Tema's Space Innovators ETF (NYSEMKT: NASA), ERShares Private-Public Crossover ETF (NASDAQ: XOVR), and the Baron First Principles ETF (NYSE: RONB) are three of those hot ETFs. All three ETFs provide investors with exposure to SpaceX through special-purpose vehicles (SPVs) that purchased the company's private shares in the secondary market.
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Originally published at www.fool.com.
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