EXCLUSIVE: Space Stocks Mellow Ahead Of Artemis II Splashdown, With NASA ETF Manager Betting On SpaceX IPO, Blue Origin To Drive Next Rally

• In an interview with Stocktwits, NASA ETF portfolio manager Yuri Khodjamirian said the SpaceX IPO, expected in June, could be the next major catalyst for space stocks. 
• He also pointed to Blue Origin’s planned launch activity, which may alter supply dynamics in the launch market and support valuations.
• Khodjamirian noted that long-term drivers include satellite fleet upgrades, space station replacements, and potential orbital data infrastructure.

The SpaceX IPO, Blue Origin launches, and a wave of satellite deals could lead the next rally for space stocks, according to Yuri Khodjamirian, the chief investment officer at TEMA ETFs and portfolio manager of the brand-new Tema Space Innovators ETF (NASA).

“We've obviously got the IPO of SpaceX, which is mooted to come in June,” Khodjamirian told Stocktwits’ Michele Steele in an exclusive interview. “I think for investors, that's going to be a huge event.”

His comments after space stocks such as Rocket Lab (RKLB), Intuitive Machines (LUNR), Planet Labs (PL), and AST SpaceMobile (ASTS) rallied this month alongside the Artemis II mission. Except for LUNR’s stock, the shares saw muted gains in afternoon trade on Friday, ahead of the Artemis II mission splashdown later in the day. 

SpaceX IPO Could Drive Institutional Demand for Space Stocks

Khodjamirian said he expects the SpaceX offering to take place in June and be one of the largest IPOs ever, with CEO Elon Musk signaling up to 20% to 30% retail participation, broad index inclusion, and intense benchmark‑driven demand. The company reportedly filed for a confidential IPO earlier this month and could seek a valuation of more than $1.75 trillion.

“[It means] many, many more investor eyeballs on the space economy because it's going to be part of benchmarks for active managers,” Khodjamirian told Stocktwits, “So that's one of the most exciting things that I think is going to happen over the next three months.” On Stocktwits, retail sentiment around SpaceX, which is not publicly listed, trended in ‘bullish’ territory, accompanied by ‘high’ levels of chatter.

Chatter on the platform also indicated that retail traders are looking forward to SpaceX’s IPO debut in the summer.

Multi-Year Tailwinds Emerging For Space Economy

Khodjamirian told Stocktwits that Jeff Bezos-backed Blue Origin, with its reserved orbital slots and pending launches, could further compress launch‑capacity cycles and support higher valuations for downstream satellite and infrastructure plays. 

Looming satellite fleet refreshes, discussion of post‑ISS space‑station replacements, and Musk’s vision of orbital data centers once launch costs fall, indicate the sector looks poised for multi‑year tailwinds, Khodjamirian said.

NASA’s price edged lower in afternoon trade on Friday. The ETF, which Khodjamirian said is focused on “pure play” space stocks, has gained nearly 20% since its debut alongside the Artemis 2 launch on April 1. Retail sentiment around the fund on Stocktwits trended in ‘bearish’ territory over the past day. 

Read also: NASA ETF Jumps Nearly 20% Since Launch Alongside Artemis II Mission – ASTS, PL, LUNR Drive Gains

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