The Tema Space Innovators ETF (NASA) added 5.73 million shares across Intuitive Machines (LUNR), Rocket Lab (RKLB), and AST SpaceMobile (ASTS) during the quarter ended June 30, according to institutional ownership disclosures compiled by Quiver Quantitative, even as the fund slid toward its launch lows amid a SpaceX (SPCX) selloff. In overnight trading late Sunday, ASTS fell 3%, while RKLB, LUNR, and SPCX each slipped about 2%, with the NASA ETF trading around $26.18, its lowest level since its first full session on March 31. The share purchases, worth about $320.5 million combined at quarter-end, came as SpaceX lost momentum after its public debut, closing below its $150 debut-day opening price last week and currently trading around $145, about 7% above its $135 IPO price but 28% below its post-listing high of $200.
Tema Adds 5.73 Million Shares Across LUNR, RKLB, and ASTS
Tema ETFs added 3.1 million LUNR shares, 1.6 million RKLB shares, and 1 million ASTS shares during the quarter ended June 30, according to the filings. The combined positions were worth about $320.5 million at quarter-end. Tema's reported stake in LUNR reached 3.11 million shares worth about $66.4 million, while its RKLB position stood at 1.62 million shares worth nearly $164.9 million, the largest of the three positions by market value. The ASTS stake totaled about 1 million shares worth $89.2 million.
SpaceX Declines Below Debut Price as Nasdaq-100 Inclusion Priced In
SpaceX closed below its $150 debut-day opening price last week for the first time, despite its inclusion in the Nasdaq-100. The stock is currently trading around $145, about 7% above its $135 IPO price but 28% below its post-listing high of $200. The decline came ahead of Nasdaq-100 inclusion, suggesting that much of the expected buying from passive index funds had already been priced in. Broader tech weakness also weighed on shares. SpaceX accounts for 17% of the NASA ETF's assets, making it by far the fund's largest holding. Rocket Lab is the second-largest position at 10%, followed by AST SpaceMobile at 6% and Intuitive Machines at 4%. The actively managed ETF, launched in March, now oversees roughly $1.31 billion across 38 holdings spanning launch providers, satellite operators, communications infrastructure, and a few private space companies.
Intuitive Machines Secures $148.3 Million NASA Contract for 2028 Delivery
Intuitive Machines secured a contract worth up to $148.3 million in June to deliver a production-line-qualified Nova-C lunar lander by 2028. The company also became prime contractor for NASA's Lunar Reconnaissance Orbiter Camera and South Korea's ShadowCam programs in May, expanding its role in lunar mapping, navigation, and mission operations. Tema added 3.1 million shares in LUNR, lifting its reported stake to 3.11 million shares worth about $66.4 million.
Rocket Lab Acquires Iridium Communications for $8 Billion
Rocket Lab's recent $8 billion acquisition of Iridium Communications would add recurring connectivity revenue to its platform spanning launches, spacecraft manufacturing, and satellite services. The company's recent Victus Haze mission for the U.S. Space Force demonstrated a rapid-launch capability, with liftoff just 16 hours and 42 minutes after notice. Tema added 1.62 million RKLB shares, taking its reported stake to 1.62 million shares worth nearly $164.9 million.
AST SpaceMobile Prepares Falcon 9 Launch for First Half of August
AST SpaceMobile is preparing its next satellite deployment after BlueBird 11 arrived at Cape Canaveral. BlueBirds 12 and 13 are expected to follow ahead of a Falcon 9 launch planned for the first half of August. The satellites will expand AST SpaceMobile's direct-to-device broadband network, which can deliver voice, data, and video services to standard smartphones. The company expects the next-gen BlueBirds to offer nearly twice the peak download speeds of its first operational satellites. Tema added just over 1 million AST SpaceMobile shares, lifting its reported position to about 1 million shares worth $89.2 million.
FAQ
What stocks did Tema Space Innovators ETF add during the quarter ended June 30?
Tema ETFs added 5.73 million shares across Intuitive Machines (LUNR), Rocket Lab (RKLB), and AST SpaceMobile (ASTS) during the quarter ended June 30, according to institutional ownership disclosures compiled by Quiver Quantitative. The combined positions were worth about $320.5 million at quarter-end.
Why did SpaceX stocks decline below its debut price?
SpaceX closed below its $150 debut-day opening price last week for the first time, currently trading around $145. The decline came ahead of Nasdaq-100 inclusion, suggesting that much of the expected buying from passive index funds had already been priced in. Broader tech weakness also weighed on shares.
What NASA contract did Intuitive Machines secure in June?
Intuitive Machines secured a contract worth up to $148.3 million in June to deliver a production-line-qualified Nova-C lunar lander by 2028. The company also became prime contractor for NASA's Lunar Reconnaissance Orbiter Camera and South Korea's ShadowCam programs in May.
