SpaceX Drops 9.72% One Month After Nasdaq Listing, U.S. Space ETFs See 6.47 Trillion KRW Outflows

According to Coscom ETF Check, U.S. space ETFs traded in South Korea experienced net outflows of 6.471 trillion Korean won in the month following SpaceX's June 12 Nasdaq listing, as of July 10. SpaceX shares fell 9.72% from its opening price of $160.95 to $145.30 over the same period.

All seven U.S. space ETFs tracked posted negative one-month returns. TIGER U.S. Space Tech ETF recorded the steepest decline at -40.75%, followed by SOL U.S. Aerospace Top 10 at -32.07% and ACE U.S. Space Tech Active at -30.68%. ETFs with higher SpaceX holdings performed worse; TIGER held 25.91% SpaceX, SOL 25.42%, and ACE 29.94%, while TIME Global Space Tech & Defense Active, which held only 2.75% SpaceX, lost -6.80%. According to Mirae Asset, the underperformance was driven by profit-taking following rapid pre-listing gains, volatility in growth stocks, and concerns over satellite deployment timelines.