The “One Investment” Behind the Campaign
The Kiyosaki Letter’s space campaign closes with a report called “All of the Above,” promising “a single investment that captures every winner in the space economy.” That investment is the Tema Space Innovators ETF, ticker NASA, launched in late March 2026.
The fund was designed to own the public space sector across launch providers, satellite operators, and the suppliers that support them. It became the largest pure-play space ETF shortly after launch and spiked earlier this year on its large SpaceX position ahead of the company’s IPO. At the time of the campaign, it held roughly $1.2 billion in assets and traded near $26 a share.
Why the Ticker Matters
The ticker NASA is a deliberate choice and a memorable one. It signals the fund’s identity as the space-economy vehicle for retail investors, and it is easy to confuse with the government agency of the same name. The fund itself is unaffiliated with the agency, which is worth keeping straight.
The more important point is what the fund actually holds. It is an exchange-traded fund, not a closed-end vehicle, which means its price tracks the value of its holdings rather than trading at a premium to them. That structural detail matters because closed-end space funds spent a long time trading at 50 to 100 percent premiums to net asset value, and ordinary investors got burned paying for excitement rather than assets. We walked through that distinction in the INI XPanse space-stocks explainer.
The Concentration Risk
The honest caveat on the NASA ETF is concentration. SpaceX now does more than half of global launches and about 85 percent of U.S. launches, and it is the dominant holding in the major space funds. A fund sold as “every winner in the space economy” is, in practice, a fund whose fortunes rise and fall with one company.
The “early access to private companies at pre-IPO prices” pitch has also aged poorly now that SpaceX and most of the notable private space names are public. We covered that in our Launch Cheat Code teardown and the merger angle in our SpaceX and Tesla merger teardown.
The takeaway: the Tema Space Innovators ETF is a legitimate, low-friction way to own the space theme, but understand that you are buying a concentrated public-markets bet, not diversified private-company access.
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