🚀 A New Space ETF Inbound

Plus Galactic Energy's ÂĄ2.4B funding, $RKLB and Synspective's new deal, Starlab's new partner and more. The latest space investing news and updates.

October 03, 2025

The Space Scoop

Week Ended 10.03.2025

Happy Friday! If you know us, you know we're weirdly excited about this new space ETF on the way. Lets dive in.

Market Max-Q

Forward

Top Stories

1) Roundhill Financial filed a prospectus to launch a new Space ETF.

  • Last week, exchange traded fund provider Roundhill filed with the SEC for a slew of emerging sector focused ETFs, two of which include space and defense (we'll be focused on the space ETF today).

  • Per the filing, the Adviser defines “space companies” as those companies that are "principally engaged in, or have a meaningful nexus to, the space industry via launch services, satellite manufacturing and operations, space infrastructure, aerospace and defense contractors, and space-enabled communications and services."

  • The fund plans to invest in 15 to 25 U.S. and non-U.S. based equities via an actively-managed process that combines quantitative and qualitative inputs across small, mid and/or large-capitalizations.

  • This new ETF will join the current market offerings of $UFO, $ARKX, $ROKT, and $SSIT. Reply and let us know -- Do we need another? What stocks do you hope are included? What ticker will they go with?

In Other News

Galactic Energy Raises ÂĄ2.4B Series D 

(AW)

More formerly known as Beijing Galactic Energy Aerospace Technology Co., Ltd. raised the equivalent to ~$336M in what appears to be the largest disclosed funding round as the company nears debut of new reusable and solid rockets. The round was led by Beijing Commercial Spaceflight and Low-Altitude.

Akashalabdhi Raises $1.2M Pre-seed 

(IT)

Incubated at the Foundation for Science, Innovation and Development (FSID) at IISc Bangalore, the company will use the funding to advance development its expandable module for space habitation, orbital logistics, microgravity experiments, and defence applications. The round was led by Uday Chatterjee, Romesh Sobti, LVX (formerly LetsVenture), 1Crowd and Riceberg Ventures.

Chart of the Week

Following market close on Monday, Firefly ($FLY) revealed the first stage of their Alpha rocket, ahead of their seventh launch, was lost on the launch pad during pre-flight testing. Investors did not reward the company the following day as shares fell -21%. The cons of building in public..

Links

• Rocket Lab ($RKLB) and Synspective Announce Additional 10-Launch Deal• Sidus ($SIDU) Awarded Five-Year IDIQ Contract With Tobyhanna Army Depot• Starlab ($VOYG) Adds Space Applications Services As Strategic Partner & Equity Owner in Joint Venture• Momentus ($MNTS) To Launch Demonstration Mission for Pulsar Fusion’s Advanced HET Propulsion System• Planet ($PL) Ships 2 Pelican and 36 SuperDoves Ahead of Transporter-15 Rideshare Mission• Intuitive Machines ($LUNR) Completes KinetX Acquisition• Blue Origin and Luxembourg Partner on Oasis-1 Mission To Map Lunar Resources• Solstar Space Awarded SBIR Contract To Develop Lunar Wi-Fi System

Opinion

• The Present and Future of NASA Human Spaceflight• Why AST SpaceMobile ($ASTS) Soared• AI in Orbit: BlackSky ($BKSY) Is Spying on Space• Planet ($PL) Surges on Satellite Growth, but Multiples Are Tough To Justify

Earnings Calendar

• $LMT: Oct 21 - Before Market Open• $NOC: Oct 21 - Before Market Open• $HON: Oct 23 - Before Market Open• $IRDM: Oct 23 - Before Market Open• $GD: Oct 24 - Before Market Open• $BA: Oct 29 - Before Market Open

*Company confirmed dates only.