BlackRock, the global leader in asset management, is launching a new space ETF for European investors, promising to include newly public companies in the sector within weeks of their market debut.
The fund, called iShares Space Technologies UCITS ETF (STAR), includes a fast-entry mechanism allowing newly listed aerospace companies to join the index within 10 to 30 days, according to a report published by Bloomberg on Tuesday, June 9.
More specifically, new additions to the BlackRock space ETF will go through special review periods instead of waiting for the next scheduled rebalance.
“The Index captures companies with meaningful exposure to the global space, satellite and drone ecosystem… Companies must also demonstrate qualifying commercial or supply‑chain relationships with space agencies, key private aerospace contractors, space and missile equipment manufacturers and/or the broader Artemis‑era space ecosystem,” BlackRock wrote.
Will the BlackRock space ETF include SpaceX?
The new ETFs launch comes just days after S&P Global, the creator of the S&P 500 index, announced that it would keep its existing index eligibility requirements unchanged, raising concerns that flagship debuts, such as SpaceX, would be barred from joining it.
As the new report suggests, however, BlackRock is reassuring investors that the timing of the ETF launch is unrelated to S&P Global’s announcement, being primarily motivated by growing investor enthusiasm for the space sector as a whole.
Indeed, space ETFs have attracted roughly $8 billion in net inflows since the start of 2026, surpassing defense-focused funds. Given that some of them, such as the Space Innovators ETF (NASA), already hold Elon Musk’s company, the June 12 SpaceX IPO generated a lot of interest for the financial products.
Against that backdrop, BlackRock’s rapid-inclusion approach offers investors yet another alternative way to gain early exposure to SpaceX and other newly public space companies.
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