Seraphim Space, a London-based investment company, is launching a new exchange-traded fund targeting pure-play space investors. The fund aims to provide exposure to the 'New Space' economy by tracking companies building infrastructure, technology, and services, while giving less weight to traditional defense and aerospace names. This move comes as the space sector gains prominence following Elon Musk's Space X IPO.

The ETF offers investors a focused way to capitalize on the growing commercialization of space through companies developing innovative satellite constellations, launch vehicles, and space-based services. With increasing private investment and technological advancement in the sector, the fund seeks to capture growth across the broader New Space ecosystem beyond established aerospace players.