BlackRock created a new ETF for space companies available in some European countries - https://www.ishares.com/uk/individual/en/products/351117/ishares-space-technologies-ucits-etf?switchLocale=y&siteEntryPassthrough=true
Cash holdings are 36%, while Rocketlab is currently 20% of the ETF with more space and drone related companies. ASTS is 2.59%.
Considering the ETFs IPO fast-entry mechanism it seems plausible that most of the remaining cash balance is set aside for the SpaceX IPO.
Do you think this is a good option for investors who want to reduce direct risk but hold some space goodness?