Menu

Crypto sections

The proposed fund would put at least 80% of its assets into companies tied to satellites and space-based data centers

Tue 10 Nov 2026 · 11:48 EST · 3 min read

In Regulation

Share

GraniteShares wants to sell investors a ticket to orbit. The firm has filed with the SEC for the GraniteShares Orbital AI ETF, a fund built around companies that combine artificial intelligence with satellites and space-based data centers.

The filing landed on November 10, 2026. It arrived alongside paperwork for seven more AI-themed ETFs, which suggests GraniteShares is not betting on a single theme so much as building a whole shelf of them.

What the fund would actually hold

GraniteShares Advisors LLC submitted the filing as a Form 485APOS. That is the form fund sponsors use to amend an existing registration statement, so this is an updated filing rather than a first draft.

The stated goal is capital appreciation. Put simply, the fund is chasing growth, not steady income.

To get there, the ETF would invest at least 80% of its assets in equity securities of what the filing calls “Orbital AI Companies.” The definition carries a fairly strict revenue test.

A company qualifies only if it earns at least 50% of its revenues or profits from the relevant technologies. Satellites and space-based data centers are the named examples.

The fund is set to be actively managed. Instead of mechanically copying an index, GraniteShares would use a proprietary selection process to choose holdings, then rebalance the portfolio every quarter.

The crypto and markets news you actually need—every morning.

Daily. Free. Join 34,000+ readers across crypto, finance, and policy.

We respect your privacy. Unsubscribe anytime.

There is also a cap on how much the fund can put into any single issuer. Even so, the ETF is classified as non-diversified. Under fund rules, that label means it can concentrate more of its assets in fewer companies than a typical diversified fund.

GraniteShares and the space trade

This is not GraniteShares’ first move toward the final frontier. In June 2026, the firm launched 2x leveraged SpaceX ETFs following SpaceX’s public listing.

Those products offered amplified daily exposure to a single company. The Orbital AI ETF takes a different route, spreading bets across a group of companies working at the intersection of space infrastructure and AI.

The seven companion AI-themed ETFs filed the same day reinforce the point. GraniteShares appears to be carving AI into distinct slices, with orbital technology as one of them.

What this means for investors and the industry

Investors weighing the fund would want to look closely at a few features. The non-diversified status means returns could swing harder than a broad tech fund. Active management means results hinge on the skill of the selection process rather than the market as a whole.

The 50% revenue rule keeps the fund focused on firms whose fortunes genuinely rise and fall with the sector, but it may also shrink the pool of eligible companies, since businesses that generate most of their money from satellites or orbital data centers are a narrower group than general tech firms.

Quarterly rebalancing lets managers adjust as the sector evolves, but it also means the portfolio could look meaningfully different from one quarter to the next.

Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.

The news about what you hold

Follow your stocks and crypto. Read the news about them from hundreds of publishers in Pro.

Privacy policy