
Global X's ORBX ETF tracks pure-play space tech as launch costs drop 95% and orbital attempts near 325 in 2025, with a modified cap-weighted approach limiting concentration.
The cost of delivering payloads to low-Earth orbit has fallen more than 95% since the 1960s, to under $3,000 per kilogram on SpaceX's Falcon 9 this decade, according to Global X ETFs. The drop stems largely from reusable rocket technology, which has made each launch cheaper and allowed higher frequency. As a result, global orbital launch attempts have nearly quadrupled over the past decade to roughly 325 in 2025, the firm wrote in a report.
The improving economics have made space more accessible, fueling a surge in satellite deployment. Satellite broadband projects are adding thousands of satellites to the constellation, while government and defense agencies continue to fund space infrastructure. The sector's revenue base is broadening, with recurring income from broadband subscriptions and long-term government contracts.
ORBX, Global X's Space Tech ETF, uses a modified market-cap-weighted approach "designed to give greater representation to innovative industry leaders while retaining exposure to smaller companies," the firm said. The fund requires at least half of a constituent's revenue to come from space technology, a threshold that ensures pure-play exposure and distinguishes it from broader thematic ETFs. ORBX also caps any single security at 20% to manage concentration risk.
Forward growth drivers include declining launch costs, rising satellite density, expanding satellite broadband, and durable government and defense spending, which support recurring revenues and long-term sector growth, Global X said.
Orbital launch attempts are on track to exceed 300 for the first time in 2025.
Drafted by a large language model from the source reporting linked above, then screened by automated publishing checks. It is not read by a journalist before publication. Some articles cite our Alpha Score. Verify prices and figures against the original source. Educational coverage, not personalized advice.