NASA ETF now owns 10% Stake in CPS Technologies after record fund inflows this month. What will happen when SpaceX hype fades and fund outflows increase?

I’ve built up a decent-sized chunk of the NASA ETF and lately I’ve been going back and forth on whether to scale back part of it ahead of the SpaceX listing. Would love to hear how the rest of you are thinking about positioning here.

NASA saw most of its inflows in May alone due to the upcoming SpaceX IPO. It feels like this wave of cash flowing into the ETF is mechanically lifting the smaller, illiquid, and overseas space names sitting inside it, fueling the ETF's recent rally.

For example, **NASA has built up an almost 10% stake in CPS Technologies** (ticker: CPSH) over the last couple of weeks (1.82 million shares X $11.1/share = *$20 million investment in a company that has a market cap of just \~$200 million*). CPSH is up 100%+ in the last one month, likely supported by NASA's investment.

That setup holds together fine as long as fresh money keeps showing up. The problem is what happens afterward, once the listing buzz dies down and folks start cashing out their gains, those same thinly-traded names have almost no natural buyers. Prices on them could snap lower in a hurry and the ETF itself could nosedive simply because there’s nothing on the other side to soak up the selling.