Shinhan Asset Management Lists New SOL US Aerospace TOP10 ETF

Shinhan Asset Management announced on April 21 that it will newly list the “SOL US Aerospace TOP10” Exchange Traded Fund (ETF), which focuses on investing in the growth momentum of the US space industry, on the Korea Exchange.

This newly launched ETF is designed to invest exclusively in companies that operate within the pure space value chain, such as reusable launch vehicles, low Earth orbit satellites, and space infrastructure, excluding those in defense and future mobility sectors. With major milestones expected in 2026—including the Artemis II launch, the anticipated IPO of SpaceX, and the development of reusable launch vehicles by leading companies—the ETF is structured to allow concentrated investment in key NewSpace companies that could define turning points in the space industry.

Existing space-related ETFs have been criticized for their heavy weighting toward defense companies, making it difficult to fully reflect the growth of the space industry itself. In contrast, this ETF has been constructed around core companies with private-sector driven business models. Its major holdings include Rocket Lab (23.00%), a leader in private launch services; AST SpaceMobile (20.81%), a satellite communications provider; EchoStar (15.88%), expected to benefit from rising SpaceX share valuations; and Planet Labs (9.03%), a representative company in satellite data.

Recently, the potential inclusion of SpaceX—once it goes public—has become the biggest topic of interest in the space industry ETF market. In response, Shinhan Asset Management has positioned the SpaceX listing as a symbolic event that could revalue the entire US space industry and has prepared to immediately reflect this momentum in the ETF. The SOL US Aerospace TOP10 ETF is structured to swiftly include SpaceX within one trading day after its listing, according to its index methodology, and can allocate up to 25% of its portfolio to the company.

Kim Junghyun, Head of the ETF Business Group at Shinhan Asset Management, stated, “The US space industry was once led by ‘Old Space’ companies dependent on government contracts, but recently, private-sector companies have built substantive business models in satellite communications, launch services, and space data centers, driving industry growth.” He added, “The SOL US Aerospace TOP10 ETF delivers a concentrated selection of core NewSpace companies, offering a purer reflection of the growth potential in the US space industry.”

This content was produced with the assistance of AI translation services.