Global X has launched the Space Tech ETF, ticker ORBX, providing investors with targeted exposure to pure-play companies operating within the rapidly expanding $1 trillion global space economy.
Key Points
- The ORBX fund tracks the Global X Space Tech Index, focusing on companies deriving at least 50% of revenue from space-related sectors.
- Eligible firms include developers of reusable rockets, satellite telecommunications, orbital transport systems, and space exploration services.
- The ETF carries an expense ratio of 0.50% and features a systematic rebalancing schedule for new market entrants.
- Global X, a member of Mirae Asset Financial Group, manages the fund as part of its broader thematic investment portfolio.