Global X Space Tech UCITS ETF Lists on the London Stock Exchange

Global X listed the Global X Space Tech UCITS ETF on the London Stock Exchange on 30 July 2026, under the ticker LUNR LN and ISIN IE000W4A2Q38.

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Article created by the editorial staff of ETFWorld.co.uk

Gea Blumberg, Head of Business Development and Co-Head of Global X ETFs Europe

New pure-play fund (LUNR) tracks the Mirae Asset Space Tech UCITS Index, giving European investors targeted exposure to rockets, satellites and space infrastructure companies

The fund is a UCITS-compliant vehicle designed to give European investors exposure to the commercialisation of the global space economy. It carries a Total Expense Ratio (TER) of 0.50%.

What the fund invests in

The Global X Space Tech UCITS ETF invests in companies driving the growth and commercialisation of the global space economy. According to the product material, the fund covers four areas: rocket launch and reusable rockets, space technology and components, satellite telecommunications and data services, and space transportation, tourism and exploration.

The ETF follows what Global X describes as a pure-play, revenue-based approach, focusing on companies where space-related activities represent a core driver of business fundamentals, rather than a marginal or diversified business line.

Investment objective and benchmark index

The stated objective of the ETF is to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Mirae Asset Space Tech UCITS Index. Global X is a subsidiary of Mirae Asset Financial Group, which managed 803 billion US dollars in assets worldwide as of 31 December 2025, according to Global X’s own published fund materials. Global X itself managed 86.58 billion US dollars in assets under management as of 31 March 2026, per the same source.

Index construction and revenue thresholds

The underlying index applies revenue-based screening rules to determine eligibility. New constituents must derive at least 50% of their revenues from one or more of the four space-related sub-themes listed above, while existing constituents must maintain a minimum of 40% of revenues from these activities to remain in the index. This mechanism is intended to keep the portfolio concentrated on companies for which space activity is a material part of the business, rather than a peripheral one.

Context: a market shifting from public to private

Global X frames the launch against a broader shift in the space sector. Citing KPMG (May 2025), the product material describes the space economy as evolving from a government-led industry into an increasingly commercialised market supported by private sector innovation and investment. Advances in launch technology, satellite infrastructure and space-enabled services are described as expanding commercial applications across communications, navigation, Earth observation and data analytics.

Competitive landscape in Europe

The Global X Space Tech UCITS ETF enters a European space-themed ETF segment that has grown more crowded in recent months. In June 2026, BlackRock listed the iShares Space Technologies UCITS ETF (ticker STAR) on the London Stock Exchange and on other European venues, tracking the STOXX Global Space Satellites and Drones Index. That fund also carries a Total Expense Ratio of 0.50% and is denominated in US dollars.

The two funds share an identical 0.50% TER but track different indices, built on different eligibility criteria: Global X applies a 50%/40% revenue threshold on new and existing constituents respectively, while the STOXX index used by iShares requires constituent companies to derive at least 25% of their revenues from space, drone or satellite activities. Investors comparing the two products should therefore expect differences in portfolio composition and concentration, even though both target the same broad theme.

Conclusions

The Global X Space Tech UCITS ETF adds a second major pure-play space-economy option to the European UCITS market, following the June 2026 listing of BlackRock’s iShares Space Technologies UCITS ETF. Both funds carry a 0.50% TER and target overlapping segments of the value chain, but apply different index methodologies and revenue thresholds. As the space economy sector continues to attract new commercial entrants, further product launches and listings across European exchanges are likely in the coming months.

Source : ETFWorld.co.uk