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EN590 Commodities GroupMarket Analysis 2026-07-24T23:49:23+00:00
Getting into SpaceX early was spectacularly lucrative. The venture investors who bought years ago at a fraction of the listing price made a fortune on it. But early is relative, and the investors who piled into certain ETFs to get exposure to the company ahead of its IPO did not fare nearly as well.That said, the issuers of those funds did great. TheTema Space Innovators ETF (NASA)launched at the end of March and had as much as $3.3 billion in AUM less than three months later, one of the fastest asset-gathering runs the industry has ever seen, almost entirely because it held about 10% of the portfolio in SpaceX through a special purpose vehicle.TheERShares Private-Public Crossover ETF (XOVR)became an almost $2 billion fund by buying SpaceX more than a year before the listing. TheBaron Firs
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25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.