NASA ETF Launches With SpaceX Exposure: Yuri Khodjamirian Explains the “Pure Play” Space Trade

We’re hours away from the Artemis II splashdown, and space sentiment is surging on Stocktwits. Michele Steele sits down with Yuri Khodjamirian, CIO at TEMA ETFs and portfolio manager of the brand-new NASA ETF. Yuri explains why TEMA built NASA as a “pure play” space fund—and why he believes it’s impossible to have a real space ETF without SpaceX. They walk through how the fund gets SpaceX exposure through a private structure (within the ETF’s private holding limits), what happens if SpaceX goes public, and why the ETF wrapper still matters even when investors can eventually buy SpaceX shares directly. Then they break down key portfolio themes: diversified launch providers, next-gen satellite communications, lunar infrastructure, and under-the-radar global suppliers that feed the space buildout. Michele also hits the big names retail is trading—AST SpaceMobile, Rocket Lab, and Intuitive Machines—plus why NASA intentionally avoids “old space” holdings like Boeing in favor of forward-looking space economy fundamentals. Disclaimer: All opinions expressed on this show are solely the opinions of the hosts’ and guests’ and do not reflect the opinions of Stocktwits, Inc. or its affiliates. The hosts are not SEC or FINRA registered advisors or professionals. The content of this show is for educational and entertainment purposes only. Please consult with your financial advisor before making any investment decision. Read the full terms & conditions here: https://stocktwits.com/about/legal/terms/ Chapters / Timestamps 00:00 - Artemis II hype 00:24 - NASA ETF intro 01:15 - Why launch now 01:41 - Pure play rules 02:03 - Why SpaceX matters 03:15 - SpaceX via SPV 04:29 - What happens at IPO 05:40 - Why ETF wrapper 05:53 - Diversify beyond SpaceX 06:48 - Global suppliers theme 07:26 - AST SpaceMobile case 09:13 - Rocket Lab role 10:23 - Intuitive Machines view 11:07 - Lunar economy thesis 12:10 - Revenue pillars model 12:44 - New vs old space 14:37 - Europe launch push 15:17 - Why OHB matters 16:45 - Why no Boeing 18:39 - What to watch next 19:01 - SpaceX IPO watchlist 20:29 - Wrap and ticker