How to invest in the space race as recent setbacks highlight risks, uncertainty and cost of failure

The spectacular explosion of Elon Musk’s SpaceX’s rocket minutes after launch in April was a reminder of the risks of space travel.JOE SKIPPER/Reuters

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As the tech bubble reached its peak in 2021, space-themed stocks were headline news as billionaire entrepreneurs Richard Branson and Jeff Bezos teased investor imaginations with their high-profile suborbital launches.

Three years later, most investors are probably sorry they did. Two Canadian exchange-traded funds (ETFs) launched within weeks of each other in April 2021 no longer trade. A third marketed by New York-based ARK Investment Management LLC is still standing but is down 34 per cent from…



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