Tema NASA ETF Watch as SpaceX IPO Talk Grows
Tema Space Innovators ETF heads into Monday with less of the uncertainty seen last week. The fund fell 3.9% Friday. It’s down to whether that was just profit-taking after the recent rally or if space stocks are starting a longer slide. SpaceX could go public on Nasdaq as early as June 12, putting Musk’s firm in view for investors watching NASA-linked plays. Reuters reported Friday that the company is preparing its prospectus for next week, with an investor roadshow on June 4 and possible share pricing set for June 11. SpaceX is aiming to raise $75 billion at a $1.75 trillion valuation, which would make this the biggest IPO ever, according to Reuters.