WisdomTree, the New York-based asset manager with $111 billion in global assets, has introduced a new exchange-traded fund designed to capture growth across the rapidly commercializing space sector. The WisdomTree Space Economy Fund, trading under the ticker WSPC on the Nasdaq, carries an expense ratio of 0.75% and provides diversified exposure to companies involved in launch vehicles, orbital infrastructure, satellite broadband, Earth observation, defense space systems, and emerging technologies.
The fund's largest holding is SpaceX Corp. (SPCX), which completed the largest initial public offering in history earlier this year, raising over $50 billion. Other top positions include Rocket Lab Corp. (RKLB) and Firefly Aerospace Inc. (FLY), both of which are key players in the small-launch and space infrastructure segments. The ETF's composition reflects a bet on the maturation of the space economy from a government-dominated arena to a multi-layered commercial ecosystem.
Christopher Gannatti, global head of research at WisdomTree, said in a statement that the transition has reached a tipping point. “The cost revolution in launch has already happened,” Gannatti noted, pointing to the dramatic reduction in per-kilogram launch costs driven by reusable rocket technology and increased competition. This cost decline has opened the door for new applications in satellite constellations, deep-space exploration, and defense-related space systems.
The launch of WSPC comes amid a flurry of space-themed ETF introductions. In May, VanEck launched the VanEck Space ETF (WARP), which tracks the MarketVector Space Index (MVWARP). Themes ETFs also debuted two leveraged single-stock ETFs tied to SpaceX’s performance last month, following the company’s record-breaking IPO. The surge in product development underscores advisor and investor appetite for space exposure, particularly after SpaceX's $400 billion post-IPO rout exposed AI valuation gaps, according to Post Oak Group.
Market projections underscore the scale of the opportunity. McKinsey & Company estimates the global space economy will grow from $630 billion in 2023 to $1.8 trillion by 2035, a compound annual growth rate of approximately 9%. This includes “backbone” applications such as satellite manufacturing, launch services, and traditional services like broadcast TV and GPS, as well as “reach” applications that rely on space-based infrastructure. McKinsey cites Uber as an example: the ride-hailing platform depends on satellite signals and smartphone chips to connect drivers and riders, illustrating how space technology underpins terrestrial business models.
Advisors evaluating WSPC should consider its concentrated exposure to a handful of high-growth names. The fund’s top three holdings account for a significant portion of assets, and the space sector remains subject to regulatory, technological, and geopolitical risks. However, the long-term thesis is supported by declining launch costs, increasing private and government investment, and expanding commercial use cases. For RIAs and broker-dealer advisors seeking thematic growth, WSPC offers a liquid, transparent vehicle to participate in the space economy’s expansion.
The ETF’s launch also coincides with broader market developments. BlackRock unveiled an iShares Nasdaq 100 ETF as SpaceX joined the index after its record IPO, further integrating the company into mainstream portfolios. Meanwhile, Choreo is targeting OpenAI and Anthropic employees for pre-IPO wealth management, following the SpaceX success model, indicating that wealth managers are increasingly focused on space-adjacent talent.
As the space economy matures, WisdomTree’s WSPC provides a targeted tool for advisors to allocate client capital to this high-growth theme. The fund’s 0.75% expense ratio is competitive among thematic ETFs, and its Nasdaq listing ensures broad accessibility. With the cost of launch already slashed and orbital infrastructure expanding, the fund positions investors to benefit from what could be the next trillion-dollar industry.
