BlackRock launched a new ETF on June 5, 2026 called iShares Space Technologies UCITS ETF, listed under the symbol STAR. He replies the STOXX Global Space Satellites and Drones Indexwhich brings together companies active in satellites, launchers, drones and the entire space supply chain. To be included in the index, a company must derive at least 25% of its turnover from this activity.
The fund has about $20 million in assets, with an annual fee of 0.50%. It is capitalizing, that is to say that the dividends are reinvested. It is listed in Paris, Germany, the Netherlands, as well as London and Switzerland. Its launch last month is no coincidence: “This ETF anticipated that the arrival of SpaceX created investor enthusiasm for the sector »observes Fabien Keryell, general manager of Saxo Banque France.
ETF STAR: a bet on the entire space chain
The fund is not limited to rocket launchers. “It’s really on the space conquest and the entire supply chain », as for the AI sector, which is very popular at the moment. “It’s a choice if we think that it will be a sector that will perform well in the coming years”analyzes our expert. According to him, two drivers support this theme. “Space is a sector in which governments, but also the private sector, are investing, which makes a space ETF relevant”explains Fabien Keryell. At Saxo Banque France, clients’ appetite for this theme does not date from this launch: the notes published on this subject are the most read for some time.
Investing in such a specific sector has not always been easy. “A few years ago, without ETFs, it was extremely difficult to invest sectorally. Today, ETFs make it easier »recalls Fabien Keryell. This fund allows you to access 85 positions in a single purchase, which saves time if you had to select stocks one by one…
But the question of whether or not to invest in this ETF is not that simple. You have to ask yourself if you, personally, as an investor, believe in this sector. This is a question that arises individually. For the general manager of Saxo Banque, “for an investor passionate about this sectorwho regularly informs himself, knows companies and innovations »this may make sense. In any case, “ It’s a long-term sector, not a short-term one. »he assures, this type of values being subject to a lot of volatility. At Saxo, moreover, three quarters of the investors who invested in the SpaceX IPO did not resell the days following the launch.
How to invest in the BlackRock Space ETF?
You should know that this ETF is not eligible for PEA. Indeed, it does not invest mainly in Europe: the index brings together companies from the global space sector, with a heavy weighting towards American stocks such as SpaceX, Rocket Lab or suppliers in the supply chain linked to Starlink. Enough to greatly exceed the authorized threshold of non-European securities for a PEA. You will therefore have to go through an ordinary securities account to invest there, with less advantageous taxation since you will have to pay the 31.4% flat tax on the capital gain whatever happens.
