BlackRock Launches ETF Focused on Space, Satellites and Drones

BlackRock has launched the iShares Space Technologies UCITS ETF (STAR), offering European investors exposure to companies across the space economy. The ETF tracks the STOXX Global Space Satellites and Drones Index, which includes firms involved in rockets, satellites, drones, and related supply chains that derive at least 25% of revenue from these activities. The index features a fast-entry mechanism for newly listed companies, allowing quicker access to emerging industry leaders. With a 0.50% expense ratio, STAR aims to capture growth opportunities tied to expanding satellite adoption, lower launch costs, and advances in autonomous technologies.