TORONTO, April 29, 2026 /CNW/ – Global X Investments Canada Inc. (“Global X” or the “Manager“) is pleased to announce today’s launch of the Global X Space Tech Index ETF (“ORBX” or the “ETF“), an ETF designed to provide targeted exposure to companies driving the growth and commercialization of the global space economy, including space technologies and components, launch and orbital services, space exploration and tourism, and satellite-enabled communications and data services.
With today’s launch, ORBX is the only Canadian-listed ETF focused on the space economy. Units of the ETF begin trading today on the Toronto Stock Exchange (“TSX“) under the ticker symbol ORBX.
The Space Economy
The global space economy was once a speculative frontier dominated by national governments, but it is rapidly transitioning into a potential $1 trillion revenue opportunity driven by commercial activity. Advances in launch technology, satellite miniaturization, reusable rockets, robotics, and data analytics have made space-based applications more viable than at any point in history.
Reusable rocket technology has dramatically lowered the cost of reaching orbit, enabling new business models across launch services, satellite networks, and downstream data and connectivity applications. Active satellites in orbit have grown from approximately 1,000 in 2010 to more than 12,000 in 2025, with estimates suggesting this figure could approach 100,000 by 2030. By 2035, the satellite broadband market alone is projected to grow at a 16% compound annual growth rate to approximately $100 billion.
“The high-profile IPO candidates on the horizon and the successful Artemis II mission are powerful reminders that the space economy is entering a more commercial, more visible and more investable phase,” said Chris McHaney, Executive Vice President, Investment Management & Strategy at Global X. “Space innovation is increasingly tied to real-world infrastructure, including global broadband, secure communications, Earth observation, launch services and advanced components. ORBX gives Canadian investors a targeted way to access the public companies enabling that growth across the global space value chain.“
More details on ORBX are outlined in the table below:
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