Global X Space Tech ETF (MOON) — Review & Analysis

MOON is Global X's space economy ETF, listed on the ASX on 9 June 2026 — four weeks after Betashares' RCKT beat it to market on 12 May 2026. The fund tracks the Mirae Asset Space Tech Index, holding companies generating at least 50% of revenue from space activities including satellite communications, launch services, satellite data and orbital infrastructure. The 0.50% p.a. management fee undercuts RCKT's 0.57%. AUM is A$5.46 million as at 16 June 2026 with semi-annual distributions and no currency hedging. Compare MOON across thematic options on our tech ETF page.

The defining feature is SpaceX at 31.15% of the portfolio — held through a private-share structure that gives Australian retail investors meaningful exposure to the unlisted launch giant. After SpaceX, MOON's portfolio is listed pure-plays: Rocket Lab the company at 10.15% (the same stock investors might already own), AST SpaceMobile (9.92%), Viasat (7.45%), Planet Labs (7.12%) and MDA Space (4.38%). The sector mix is Communication Services 52% and Industrials 39.5%, with 87.6% US exposure.

The MOON vs RCKT decision is the central choice for ASX investors wanting space exposure. Both funds target the same theme, both are unhedged, but the index methodologies differ — MOON's Mirae index includes the SpaceX private holding at 31%, while RCKT's construction details and full holdings disclosure will determine how heavily it leans on listed pure-plays. MOON's 7bp fee advantage (0.50% vs 0.57%) and the SpaceX angle are the differentiators for investors comparing the two. The next-closest ASX theme peer is DTEC (Global X Defence Tech), which holds satellite-defence names like Rocket Lab inside a broader defence wrapper rather than a pure space fund.

The space-economy thesis rests on commercial-launch cost reductions, expanding satellite networks, defence procurement of resilient communications and orbital infrastructure for AI-era data demand. MOON's concentration is the main consideration — 31% in a single private holding (SpaceX) and 87% in a single country (US) means returns will be heavily driven by SpaceX's private valuation marks plus the major listed pure-plays. Our every theme ETF on the ASX guide covers how MOON compares to other thematic options on the ASX.