Global X Launches Space Tech ETF as Industry Transitions to Commercial Exploration
(ORBX)
Company Research
Source: Business Wire
ORBX aims to invest in pure-play innovators and space technology disruptors, including much-anticipated public listings NEW YORK--(BUSINESS WIRE)--Global X Management Company LLC (“Global X”), the New York-based provider of exchange-traded funds (ETFs), today announced the launch of the Global X Space Tech ETF (ORBX), designed to provide targeted exposure to companies contributing to the global space economy. The fund is passively managed with an expense ratio of 50 basis points.The space economy was once a speculative frontier controlled exclusively by global superpowers, but it could become a $1 trillion revenue opportunity over the next decade as commercialization opportunities expand.[i] Advances in launch technology, satellite miniaturization, reusable rockets, robotics, and data analytics have made space-based applications more viable.“Investors are looking for ways to capitalize on space exploration but we believe existing ETF options often dilute exposure with broad allocat
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