Mr. Chris McHaney reports

GLOBAL X LAUNCHES GLOBAL X SPACE TECH INDEX ETF

Global X Investments Canada Inc. has launched Global X Space Tech Index ETF (symbol ORBX), an exchange-traded fund (ETF) designed to provide targeted exposure to companies driving the growth and commercialization of the global space economy, including space technologies and components, launch and orbital services, space exploration and tourism, and satellite-enabled communications and data services.

With today's launch, Global X Space Tech is the only Canadian-listed ETF focused on the space economy. Units of the ETF begin trading today on the Toronto Stock Exchange under the ticker symbol ORBX.

The space economy

The global space economy was once a speculative frontier dominated by national governments, but it is rapidly transitioning into a potential $1-trillion revenue opportunity driven by commercial activity. Advances in launch technology, satellite miniaturization, reusable rockets, robotics and data analytics have made space-based applications more viable than at any point in history.

Reusable rocket technology has dramatically lowered the cost of reaching orbit, enabling new business models across launch services, satellite networks, and downstream data and connectivity applications. Active satellites in orbit have grown from approximately 1,000 in 2010 to more than 12,000 in 2025, with estimates suggesting this figure could approach 100,000 by 2030. By 2035, the satellite broadband market alone is projected to grow at a compound annual growth rate of 16 per cent to approximately $100-billion.

"The high-profile IPO candidates on the horizon and the successful Artemis II mission are powerful reminders that the space economy is entering a more commercial, more visible and more investable phase," said Chris McHaney, executive vice-president, investment management and strategy at Global X. "Space innovation is increasingly tied to real-world infrastructure, including global broadband, secure communications, Earth observation, launch services and advanced components. ORBX gives Canadian investors a targeted way to access the public companies enabling that growth across the global space value chain."

More details on Global X Space Tech are outlined in an attached table.

About the Global X Space Tech Index ETF

Built by Mirae Asset Global Indices, the Global X Space Tech Index is a rules-based index designed to identify pure-play companies across critical segments of the upstream and downstream space economy. To qualify for inclusion, companies must derive more than 50 per cent of their revenues from one or more of the four subthemes detailed in an attached table.

The underlying index constituents are weighted using a modified market capitalization methodology, with individual security weights capped at 20 per cent, managing concentration risk while maintaining meaningful exposure to key innovators across the space value chain. The index is administered and calculated by Mirae Asset Global Index Private Ltd., an affiliate of the manager.

"As a leader in thematic investing, we've launched ORBX to deliver a pure-play approach across the space value chain for Canadian investors, targeting disruptive innovators within this growing market. ORBX is also a strong example of how Mirae Asset's global ETF platform enables us to bring new, relevant investment exposures to Canada as part of a co-ordinated global rollout," said Chris McHaney. "In addition to today's listing on the Toronto Stock Exchange, similar space-focused ETFs managed by Global X affiliates also trade on the New York Stock Exchange and on the Korea Exchange, offering investors across continents opportunities to invest in the global space race, with the advantages of domestic accessibility."

The ETF closed its initial offering of units to its designated broker and will begin trading today on the TSX.

About Global X Investments Canada Inc.

Global X is an innovative financial services company and offers one of the largest suites of exchange-traded funds in Canada. The Global X fund family includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Global X has more than $50-billion of assets under management and over 150 ETFs listed on major Canadian stock exchanges. Global X is a wholly owned subsidiary of the Mirae Asset Financial Group, which manages more than $1-trillion of assets across 21 countries and global markets around the world.