ORBX ETF: what the Global X Space Tech Index ETF is, what it holds, and how it works

Short answer: ORBX is the Global X Space Tech Index ETF, listed on the TSX in CAD. It tracks an index of public companies that earn at least half their revenue from space technology, like Rocket Lab and AST SpaceMobile. The management fee is 0.49%. Important: ORBX does not hold SpaceX, which is private.

ORBX is the diversified way to bet on the space economy from a Canadian account. Instead of pointing at one company, it spreads money across the public companies building launch systems, satellites, and space-data networks. That makes it a calmer holding than the single-stock SpaceX income ETFs, with one catch that trips people up: the most famous name in space, SpaceX, is not in it. This is not financial advice, and fund data changes, so verify current holdings and figures against Global X’s disclosures before acting.

What ORBX actually is

TSX-listed and CAD-denominated, with no currency hedging on its underlying exposure. ORBX is a passive index ETF: it follows the Global X Space Tech Index rather than picking stocks actively.

What ORBX holds

The index only includes companies that earn at least 50% of their revenue from space technology: launch and orbital services, satellite communications, and space-data firms. That screen keeps it focused on pure-play space names rather than diversified defence giants that happen to have a space division.

The thing people miss: no SpaceX

Who ORBX is for

ORBX suits an investor who believes the space economy will grow but does not want to make a leveraged, single-company bet to express it. Spreading the thesis across many listed names is genuinely lower risk than concentrating it in one private company through a leveraged wrapper. It is still a narrow sector fund, though, so it belongs as a small satellite position, not a core holding. The core is better served by broad all-in-one ETFs.

The fee is the other consideration. At 0.49%, ORBX costs far more than a broad index fund, which is normal for a thematic ETF but is a real drag on long-run returns. Know what you are paying for the theme.

Frequently asked questions

Does ORBX hold SpaceX?

No. ORBX tracks an index of publicly listed space companies, and SpaceX is private, so it is not in the fund. If you specifically want SpaceX exposure, you need one of the single-stock SpaceX ETFs like SPXY, not ORBX.

What is ORBX’s MER?

ORBX has a management fee of 0.49% plus applicable tax. Because the fund only launched in April 2026, a full MER has not been published yet, since there is not enough history to calculate one. Expect the MER to sit a little above the management fee once it is reported.

Is ORBX a good ETF?

It is a reasonable way to get diversified exposure to the listed space sector, and it is lower risk than a single-stock SpaceX bet. But it is a narrow thematic fund with a 0.49% fee and no SpaceX, so it makes sense only as a small satellite position for someone who specifically wants space exposure, not as a core holding.

ORBX vs SPXY: which should I buy?

They do different jobs. ORBX is diversified across many listed space companies and does not hold SpaceX or use leverage. SPXY is a leveraged, single-stock SpaceX income ETF. ORBX is the lower-risk space bet; SPXY is the higher-risk, SpaceX-specific one. The choice comes down to whether you want SpaceX itself or the broader sector.

The honest verdict

Bottom line

ORBX is the diversified, no-leverage way to bet on space from a Canadian account, and for a lot of people that is the more sensible expression of the thesis than a leveraged single-stock fund. Just go in clear-eyed that it is the space sector without SpaceX, and keep it satellite-sized. Whatever you add, Greenline shows you how it fits with everything else you hold, so a thematic flier never distorts your real allocation without you seeing it.