![\"Elon](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/06\/d7b8c98861288a8069f307008c8269fa.jpeg\")
Elon Musk <\/p>\n Elon Musk <\/p>\n
If global speculation, buzz and pent-up demand were fuel, the SpaceX IPO would have enough to blast a fleet of rockets to the moon.<\/p>\n
Elon Musk\u2019s private firm is launching into the public sphere this month, with a valuation of US$1.77 trillion (1) (C$2.47 trillion). That\u2019s more than 430 times what it cost to send Canadian astronaut Jeremy Hansen and his NASA crewmates to the moon on Artemis II.<\/p>\n
The SpaceX buzz has been building for months, with institutional and retail investors worldwide lining up for this investment moonshot. Competition will be fierce. The company has reserved 5% of its shares for \u201ccertain employees\u201d at SpaceX and private investors in this IPO, as CNBC reports (2).<\/p>\n
At the same time, analysts are warning of the risks of buying into an IPO that seems to defy gravity. Morningstar analysts Nicholas Owens and Suryansh Sharma say (3) SpaceX is \u201csignificantly overvalued\u201d \u2014 worth US$780 billion, less than half of its current valuation.<\/p>\n
They advise waiting to buy it, noting that private investors and employees will be selling more SpaceX shares in coming months, which could moderate the stock price.<\/p>\n
So what\u2019s a Canadian investor to do? If you want to get in on the global space economy, there are a number of options already on the market. And you don\u2019t have to wait in line.<\/p>\n
Don’t Miss The space economy is already a multi-billion-dollar industry <\/p>\n
SpaceX is a juggernaut, but it\u2019s not the only player. Last year, the global space economy was valued at US$626.4 billion, according to Novaspace (4). The World Economic Forum projects (5) it will grow to over US$1.8 trillion (C$2.5 trillion) by 2035.<\/p>\n
And Canada is a serious player. The domestic space sector employs more than 20,000 people and generates over C$7 billion (6) in annual revenue. Royal Bank of Canada (RBC) projects this could grow (7) to C$21 billion by 2035.<\/p>\n
So what is the space economy? For many, the phrase conjures up images of space exploration, and that\u2019s definitely a part of it.<\/p>\n
Canadians can buy into that vision with stock in MDA Space (TSX: MDA) \u2014 MacDonald, Dettwiler and Associates, the Brampton-based firm behind the Canadarm 2 on the International Space Station.<\/p>\n
MDA is now developing the Canadarm 3 and has signed on to provide robotics support for NASA\u2019s Gateway (8) mission, a space station that will orbit the moon. Its stock climbed approximately 45% in the past year, and the company is profitable \u2014 unlike many space startups.<\/p>\n
Story Continues <\/p>\n
Mississauga-based Magellan Aerospace (TSX: MAL) is another option. It provides rockets and deep-space technology to space agencies like the Canadian Space Agency (CSA) and NASA.<\/p>\n
Magellan reported Q3 2025 revenue of C$278.3 million, up 15.6% year-over-year (9).<\/p>\n
Don’t leave money on the table with expensive trading fees. Click here<\/a> to discover the best online brokerages in Canada and start keeping more of your hard-earned gains<\/a>.<\/p>\n Most of the money in space ends up floating closer to Earth <\/p>\n As exciting as the thought of space exploration may be, the bulk of the space economy revolves around more Earthly matters.<\/p>\n Moneywise spoke to Chris McHaney of Global X Investments Canada about the sector. He\u2019s executive vice-president and head of the firm\u2019s Investment Management and Strategy division.<\/p>\n This spring, Global X launched a Canadian-listed exchange-traded fund (ETF) specifically for the space economy: ORBX (10).<\/p>\n \u201cMost of this is for us on the ground,\u201d he told Moneywise.<\/p>\n McHaney cites GPS, a satellite-based system that helps people find exactly where they are on Earth: \u201cWe use it every day.\u201d<\/p>\n He highlights the essential role of all the other satellites orbiting Earth, which help enable communications via voice, text and imagery. Governments, public agencies, nonprofits, media and private individuals rely on satellite data to gain information on the impact of wars, natural disasters and more.<\/p>\n McHaney points to the role of Starlink, Elon Musk\u2019s satellite-based broadband internet provider, which Morningstar\u2019s Owens and Sharma deem the most profitable business unit at SpaceX thanks to \u201cits unmatched ability to provide connectivity in remote areas worldwide.\u201d<\/p>\n Read more: 3 essential money moves to make once you\u2019ve saved $50,000<\/a><\/p>\n Canada\u2019s stake in the space economy <\/p>\n Not surprisingly, Canada\u2019s MDA \u2014 behind the Telesat Lightspeed and Globalstar satellite networks \u2014 is a big player in the satellite sector as well. McHaney notes it is (for now) the sole Canadian holding in the ORBX portfolio. Most of the holdings are U.S.-based.<\/p>\n Defence is another big driver of the space economy. This March, Canada committed (11) C$200 million to establish its first spaceport in Nova Scotia as part of a national defence strategy.<\/p>\n McHaney said the advantage of such government investment is that it offers investors in the space economy some long-term security.<\/p>\n \u201cWe talk a lot about government and defence-related spending,\u201d he said. \u201cThese are things that are going to happen, where people want to spend in terms of national security.\u201d<\/p>\n Outside of the Canadian-listed market, there are a number of U.S.-listed space ETFs that can be accessed through Canadian brokerage accounts, including:<\/p>\n Procure Space ETF (UFO) \u2014 One of the most focused space economy ETFs. Top holdings include Planet Labs and MDA Space Ltd.<\/p>\n ARK Space & Defense Innovation ETF (ARKX) \u2014 Delivered approximately 74% gains over the past year; top holdings include L3Harris Technologies and Rocket Lab<\/p>\n SPDR S&P Kensho Final Frontiers ETF (ROKT)<\/p>\n Roundhill Space & Technology ETF (MARS)<\/p>\n Keep in mind that the U.S.-listed stocks held in a Tax-Free Savings Account<\/a> (TFSA) are subject to a 15% withholding tax on dividends under the Canada-U.S. tax treaty. Registered Retirement Savings Plans<\/a> (RRSPs) are generally exempt from this withholding tax under the treaty.<\/p>\n Even if you don\u2019t buy into SpaceX and you plan to limit your exposure with an ETF, space is still a risky sector, so make sure it fits with your goals and your portfolio before putting money down.<\/p>\n What To Read Next <\/p>\n Join 19,000+ readers and get Money.ca\u2019s best stories and exclusive interviews first \u2014 clear insights curated and delivered weekly. Subscribe now.<\/a><\/p>\n Article Sources <\/p>\n We rely only on vetted sources and credible third-party reporting. For details, see our ethics and guidelines<\/a>.<\/p>\n CNBC (1<\/a>); The Guardian (2<\/a>); Morningstar (3<\/a>); New Space Economy Canada (4<\/a>); World Economic Forum (5<\/a>); Refdesk (6<\/a>); RBC (7<\/a>); NASA (8<\/a>); Quartr (9<\/a>); Global X ETFs (10<\/a>); Government of Canada (11<\/a>)<\/p>\n This article originally appeared on Money.ca<\/a> under the title: Experts warn SpaceX’s $1.77T valuation defies gravity \u2014 here’s how Canadians can invest in space while staying grounded<\/a><\/p>\n This article provides information only and should not be construed as advice. 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