VanEck Space ETF (WARP) is a US-domiciled exchange-traded fund that provides targeted exposure to the rapidly expanding commercial space economy by tracking the MarketVector Space Index (MVWARP T.M.), with a focus on pure-play space-related companies across satellite infrastructure, communications, Earth observation, propulsion and space exploration, while requiring at least 50% of revenues to derive from space activities. The fund is managed by VanEck and is designed to offer investors access to the private-market–driven growth of the space sector, including launch systems, satellite networks, data and analytics derived from space assets, and related technologies; it employs a modified float-adjusted market-cap weighting with single-security caps and quarterly reconstitution. WARP is structured to reflect growth opportunities from reduced launch costs, broader commercial adoption, and the expansion of space infrastructure beyond traditional aerospace and defense names. The fund’s holdings are US-focused with global exposure to leading space-oriented companies, and it disseminates performance, holdings, and risk metrics to institutional and retail investors through VanEck’s platform and major financial data services. WARP’s issuer is VanEck Associates Corporation, and the fund operates under the VanEck ETF Trust, with primary listing and distribution in the United States. The latest major changes include the launch of WARP to provide focused access to space economy players, strategic alignment with MVWARP T.M., and ongoing quarterly rebalances to maintain a space-pure exposure profile; the product complements VanEck’s broader innovation and thematic ETF lineup. WARP targets investors seeking exposure to satellite communications, space launch and propulsion, Earth observation and data, and space exploration technologies, with geographic and sector diversification designed to capture the evolution of the space economy as it transitions toward a private-sector-led growth trajectory. The fund caters to institutional and retail clients seeking a rules-based, rules-driven vehicle to participate in the commercialization of space, and it positions itself within VanEck’s thematic offerings alongside other technology and innovation-focused ETFs.