First Trust Launches ETF Tracking the Global Space Economy

First Trust has launched the First Trust Bloomberg Space Economy ETF (FSPC), an index-tracking fund that provides exposure to companies across the global space economy. The ETF tracks the Bloomberg Space Economy Index, which selects up to 50 companies involved in areas such as space domain awareness, rocket launches, satellite communications, and space data and AI. Constituents are screened using Bloomberg Intelligence’s proprietary revenue and thematic exposure assessments before being weighted using a modified market-cap methodology. The index is rebalanced quarterly, with individual holdings capped to maintain diversification.