The Tema Space Innovators ETF and Procure Space ETF have fallen 24% and 19% respectively since May 28, ahead of SpaceX's Nasdaq debut on June 12. Investors appear to be selling diversified space ETFs to raise cash for a direct SpaceX purchase. The NASA ETF is the only space-themed fund with SpaceX exposure.
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Summary by ByteBrief
Why Intuitive Machines Stock Crashed Today