Rocket Lab (RKLB) is the top holding in the new Roundhill Space & Technology ETF (MARS).
The ETF seeks exposure to the space economy and enabling technologies, focusing on space companies powering industries reliant on space infrastructure, including GPS, internet, agriculture, banking, healthcare, and weather forecasting. Roundhill said the ETF is actively managed to allocate across the space value chain, identifying emerging leaders across launch, satellites, and space-enabled data as commercial demand for space infrastructure accelerates. It was noted that McKinsey estimates the global space economy will be worth $1.8T by 2035, up from $630B in 2023.
Rocket Lab (RKLB) has a 10.3% weighting in the ETF. AST SpaceMobile (ASTS) and EchoStar Corporation (SATS) are the only other two stocks with a weighting over 6%.
Shares of Rocket Lab (RKLB) are up 278% over the last 52 weeks.