VistaShares Space 슈퍼사이클® ETF

GALX는 스페이스 인프라 ETF인 VistaShares Space Supercycle® ETF입니다. 이 ETF는 우주 기반 인프라 및 서비스를 구축, 발사, 운영 및 제공하는 글로벌 기업에 투자합니다. 이 ETF는 발사 및 우주기지 시스템, 우주선 및 위성, 지상 기반 인프라, 우주망, 그리고 우주 안전, 보안 및 데이터 인프라를 통해 수익을 창출하는 기업에 적극적으로 투자하여 장기적인 자본 가치 상승을 추구합니다.

GALX is an exchange-traded fund (ETF), not a single company’s stock. One GALX share represents an interest in a portfolio of global space companies, and the shares trade during market hours like a stock under the ticker GALX.

GALX는 우주 가치 사슬의 다섯 부분에 속한 글로벌 기업의 주식을 보유하고 있습니다. 그 부분들은 다음과 같습니다: 우주 접근, 발사, 추진 및 우주기지 시스템; 우주선, 위성 및 탑재물; 지상 구간 인프라; 우주 통신 및 항법 네트워크; 그리고 우주 안전, 보안 및 우주로부터의 데이터 인프라입니다. 전체 보유 주식 목록은 GALX 펀드 페이지에서 확인할 수 있으며 매일 업데이트됩니다.

GALX seeks companies that derive their revenues from one of its five space segments and that have significant economic exposure to the space economy. Companies whose space activity is incidental to their main business are generally outside its mandate. GALX, like every VistaShares fund, does not hold private companies.

GALX’s investment adviser is VistaShares Advisors LLC, and the portfolio is run by the VistaShares Investment Committee, which maps the space value chain, selects and weights companies in each of its five segments, and monitors them between rebalances. More about the firm is on the VistaShares에 관하여 페이지.

The VistaShares Investment Committee oversees and manages all VistaShares ETFs, pairing investment professionals and scholars with advisors who have operated businesses in each fund’s industry. For GALX, that includes experience building and producing satellite platforms and working on launch vehicle programs. See the VistaShares에 관하여 page for more.

GALX maps the space supply chain, from launch through satellites, ground systems, networks and space data, using VistaShares’ Bill of Materials process, then selects and weights the companies contributing to each step. It is actively managed under a rules-based methodology set out in its rule book, rebalanced each June and December, and the Investment Committee may add or remove companies in between.

VistaShares ETFs are actively managed and follow a researched, rules-based methodology designed to provide exposure to the theme an investor is seeking. In GALX, that theme is space infrastructure, and the committee overseeing it includes advisors who build spacecraft.

In GALX, the risk management overlay is the Investment Committee’s monitoring of companies across launch, spacecraft, ground, network and space data segments between the June and December rebalances. If, for example, a company’s business changes, the committee may add or remove it before the next rebalance date. The overlay is designed to let the portfolio respond to changes; it does not eliminate risk.

Supercycles are long-term trends in which technological advances disrupt existing economic models. GALX is built around the space economy: the companies that build, launch, operate and enable space infrastructure and services. See our guide to what a supercycle is in investing.

The space supercycle is VistaShares’ term for the long-term build-out of the global space economy: launch systems, spacecraft and satellites, ground infrastructure, space networks and space-derived data. VistaShares calls it a supercycle because it views space technology as an advance that is disrupting existing economic models. GALX seeks Pure Exposure™ to the companies across this value chain.

VistaShares analyzes each target industry’s supply chain to identify the companies and profit pools in each sub-industry segment that have significant economic exposure to the theme. For GALX, the segments run from getting to orbit, through building and operating spacecraft, to communicating with them and using the data they produce.

The Bill of Materials process is how VistaShares identifies and weights the companies contributing to each step in the production process that leads to a final product. For GALX, that means breaking a space mission into its parts, such as the launch vehicle, the satellite and its subsystems, the ground station, the network and the data service, and finding the companies that supply each.

The Space Supercycle Bill of Materials has five sections: space access, launch, propulsion and spaceport systems; the space segment, including spacecraft, satellites, payloads and space-qualified subsystems; ground segment infrastructure; space networks; and space safety, security, reliability and space-derived data infrastructure.

Yes. Space access, launch, propulsion and spaceport systems make up the first section of GALX’s Bill of Materials, so the fund invests in companies whose revenues come from getting payloads to space and the facilities that support launches. Launch companies carry specific risks, including launch failures, delays and cost overruns.

GALX invests in satellite companies as one of its five Bill of Materials sections: spacecraft, satellites, payloads and space-qualified subsystems. It is not a dedicated satellite fund; it also covers launch, ground infrastructure, space networks and space data.

The ground segment is the equipment and services on Earth that operate spacecraft: terminals, gateways, telemetry, tracking and command (TT&C) systems, and mission operations. Satellites depend on it to function, so GALX’s Bill of Materials includes companies that supply it.

Yes. Space networks are one of GALX’s five Bill of Materials sections, covering satellite communications, inter-satellite links and space-based positioning, navigation and timing (PNT) infrastructure, the category that includes satellite navigation systems.

This GALX section covers space domain awareness and space situational awareness (tracking objects in orbit), cybersecurity and resilience for space systems, qualification and testing services, and the downlink, processing and commercialization of datasets collected from space. It reflects the services that keep space systems safe and turn their data into products.

The number of holdings varies as the portfolio is rebalanced; GALX typically holds between 50 and 70 space companies. The full holdings list is on the fund page and is updated daily.

GALX is rebalanced semi-annually, in June and December. Between those dates, the Investment Committee may add or remove space companies through its risk management overlay.

The full methodology is in the VistaShares Space Supercycle® ETF (GALX) rule book, linked from the GALX fund page. The fund page also links the prospectus, summary prospectus, SAI and shareholder reports.

Yes. GALX, the VistaShares Space Supercycle® ETF, is a space ETF holding global companies across launch, satellites, ground systems, space networks and space data. It seeks long term capital appreciation. Other space ETFs take different approaches, so compare objectives, holdings, fees and risks with a financial advisor.

Yes. GALX is positioned as a space infrastructure ETF: it focuses on the systems that make the space economy work, from launch vehicles and spaceports to satellites, ground stations and communication networks, rather than on any single company. It trades under the ticker GALX.

Yes. GALX holds SpaceX. The fund’s full holdings list, updated daily, is on the GALX fund page and shows its current holdings. GALX also invests in other global companies across launch, spacecraft and satellites, ground infrastructure, space networks and space data, so it is not a single-company investment.

Yes. GALX may purchase securities of companies offered in an initial public offering (IPO). IPO shares can fluctuate considerably because there is no prior public market, few shares may trade and information about the issuer may be limited. While the fund’s assets are small, IPO investments can have a magnified effect on its performance.

One route is a space ETF such as GALX, which holds global companies across launch, satellites, ground systems, networks and space data in a single fund. Buying individual space stocks is another route, with more company-specific risk, since many space companies have limited operating histories. Discuss with your financial advisor which approach, if any, fits your portfolio. See our guide to the space economy.

A few space stocks concentrate results in those companies, many of which depend on a small number of products, customers or missions. GALX holds a portfolio of global companies across five segments of the space value chain, weighted by their contribution to each. It is still concentrated in one industry and carries industry-wide risks such as regulation and government budgets.

VistaShares does not rank ETFs, and no single fund suits every investor. GALX is an actively managed space infrastructure ETF that weights companies across launch, satellites, ground systems, networks and space data through a Bill of Materials process, overseen by an investment committee that draws on space industry operating experience. Compare objectives, holdings, fees and risks with a financial advisor.

GALX differs from broad thematic funds mainly in how it selects companies. It breaks the space value chain into five segments through its Bill of Materials process, identifies companies with significant economic exposure to each, and weights them by their contribution. Its Investment Committee draws on advisors with space manufacturing and launch experience.

GALX invests across the commercial and government space economy. AMMO, the VistaShares Defense Infrastructure ETF, invests across the defense supply chain, and one of its sections is defense space systems, such as radiation-hardened electronics and satellite bus subsystems procured under military space programs. The two overlap in defense space.

GALX is designed to give investors access to companies that build, launch, operate and enable the global space economy. Through an actively managed process guided by a rules-based methodology, it seeks Pure Exposure™ to the space value chain. This describes the fund’s design, not a forecast; space companies face launch, technology and regulatory risks. Investments involve risk, including possible loss of principal.

GALX is listed on the New York Stock Exchange (NYSE) under the ticker GALX. Current price, holdings and performance, with their as-of dates, are on the GALX fund page.

GALX’s CUSIP is 88635U507. The fund launched on July 15, 2026.

Search for the ticker GALX in a brokerage account, or ask your financial advisor; shares can be bought or sold whenever the market is open. The minimum is one share; you pay the market price, which may differ from net asset value, plus any brokerage commission. Before buying, the GALX prospectus and rule book on the fund page describe the strategy and risks. For fund information, call (844) 875-2288.

GALX’s expense ratio is 0.75%, as stated on the fund page on November 12, 2026. It covers the fund’s annual operating costs and is reflected in its returns rather than billed separately.

GALX’s distribution frequency is annual. The fund seeks long term capital appreciation from space companies rather than income. Any distribution amounts and dates are on the fund page.

GALX’s main risks are space investing risks, concentration risk and foreign securities risk. It also carries IPO risk, equity market risk and economic and market risk, and as a new fund managed by a recently formed firm it has no extensive track record. The prospectus describes each risk in full. Investments involve risk, including possible loss of principal.

Launches are complex and costly. A failure, deployment malfunction, delay or cost overrun can mean the total loss of a spacecraft or payload, large financial losses, reputational harm and more regulatory scrutiny, all of which can hurt a company’s stock price. Companies in GALX’s launch and spacecraft segments are exposed to these events. Investments involve risk, including possible loss of principal.

Many space companies depend on government or quasi-government customers, so budget cuts, policy changes, contract terminations or failures to renew can reduce revenues. The industry is also heavily regulated, through licensing, export controls, national security rules, environmental rules and orbital debris standards, and changes can raise costs or delay operations. Investments involve risk, including possible loss of principal.

Satellites and spacecraft can be damaged by orbital debris, collisions, congestion in Earth’s orbits and space weather such as solar activity. That can cause service disruptions, data loss, shorter operating lives or complete mission failure for the companies that own or operate them. Investments involve risk, including possible loss of principal.

Space businesses often rely on advanced or unproven technologies and can be hurt by engineering problems, design flaws or cheaper competing technologies. Many have limited operating histories, a narrow product line or a few customers, and delays in commercialization can affect profitability and valuations. Investments involve risk, including possible loss of principal.

Yes. GALX invests in global space companies, so it can hold companies listed outside the United States. Non-US securities can be more volatile, foreign markets may be less developed or liquid, and political and economic developments abroad, including sanctions, can affect them. Investments involve risk, including possible loss of principal.

GALX holds many companies, but it concentrates in one industry, so economic, political or other conditions that hurt the space industry can affect the fund more than a fund invested across many industries. Its investments may be more volatile than those of more diversified funds. Investments involve risk, including possible loss of principal.

Yes. GALX launched on July 15, 2026, so investors do not have an extensive track record on which to base decisions. VistaShares is a recently formed firm with limited experience managing ETFs, which may limit its effectiveness. Investments involve risk, including possible loss of principal.

GALX is designed to seek long term capital appreciation by investing in global space infrastructure companies, from launch and satellites to ground systems and space data, as a thematic allocation alongside core equity holdings. It carries space investing risks such as launch failures and dependence on government contracts, industry concentration risk and IPO risk. Whether GALX is appropriate depends on your objectives and circumstances; discuss it with your financial advisor and read the prospectus.