Seraphim Space Launches Thematic ETF Following Historic SpaceX IPO
The new passive fund provides retail investors access to a mix of public and private space technology leaders.
Seraphim Space has launched a passive thematic exchange-traded fund (ETF) in partnership with HANetf to provide targeted exposure to the space technology sector. The move follows the historic SpaceX IPO on June 12, 2026, signaling a pivot toward more granular investment vehicles for the orbital economy.
The fund, which trades under the tickers SPCE on the London Stock Exchange and SERA on Xetra and Borsa Italiana, carries a Total Expense Ratio (TER) of 0.75%. The ETF offers investors a diversified basket of holdings that includes both public and private entities, specifically naming SpaceX, Rocket Lab, and Alphabet as key components of the portfolio.
The Shift to Specialized Space Assets
Seraphim Space is not a newcomer to the sector; the firm already manages the Seraphim Space Investment Trust (SSIT), a publicly traded trust that successfully raised $250 million. This new ETF represents an evolution of their strategy, moving from a trust structure to a passive thematic fund. The firm views the current trajectory of space technology not as a transient trend, but as a fundamental strategic shift. Seraphim projects that the space technology market could grow five to seven times its current size, potentially reaching a valuation of $2 trillion to $3 trillion by 2035.
Maturation of the 'New Space' Economy
This launch marks a significant maturation of the so-called "New Space" economy. For years, investors seeking exposure to the stars were limited to broad aerospace and defense funds that often bundled space assets with legacy military contractors. The transition toward specialized technology-infrastructure funds allows for a more precise bet on the actual hardware and software enabling space exploration and satellite communications.
By integrating private companies alongside public ones, Seraphim is effectively lowering the barrier to entry for retail investors. Historically, the high-growth potential of private space firms was reserved for institutional venture capital due to extreme barriers to entry. The availability of this ETF allows smaller investors to participate in the growth of companies like SpaceX in a liquid, tradable format.
Future Outlook
As the industry moves past the milestone of the SpaceX IPO, market observers will be watching for further consolidation and the emergence of other specialized funds. While the current focus is on launch capabilities and satellite infrastructure, the long-term growth projections of $3 trillion depend on the successful commercialization of orbital services. Whether other thematic funds follow Seraphim's lead in blending private and public assets will likely determine how quickly retail capital flows into the sector.