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U.S. Space ETFs Listed in South Korea See 834.7 Billion Won Net Outflows as SpaceX Tumbles 46.9% Since Debut

GateNews
Stocks
SPCX7.32%
According to Financial News, over the past month as of July 20, seven U.S. space ETFs listed in South Korea saw combined net outflows of 834.7 billion Korean won. TIGER U.S. Space Tech experienced the largest outflow at 459.9 billion won, followed by KODEX U.S. Aerospace with 136.3 billion won. The declines stemmed from SpaceX's stock performance since its Nasdaq debut on June 12 at $135, which surged to $225.64 on June 16 before falling to $119.85 on July 20, marking a 46.9% decline from its peak. ETFs with higher SpaceX weightings suffered steeper losses; TIGER U.S. Space Tech, holding 25.78% SpaceX, dropped 31.84% in the past month, while funds without SpaceX exposure fell only 10.64%.
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