AbstractObservations of newly ionized atoms that are picked up by the magnetic field in the expanding solar wind contain crucial information about the gas or dust compositions of their origins. The pickup ions (PUIs) are collected by plasma mass spectrometers and analyzed for their density, composition, and velocity distribution. In addition to measurements of PUIs from planetary sources, in situ measurements of interstellar gas have been made possible by spectrometers capable of differentiating between heavy ions of solar and interstellar origin. While important research has been done on these often singly charged ions, the instruments that have detected many of them were designed for the energy range and ionic charge states of the solar wind and energized particle populations, and not for pickup ions. An instrument optimized for the complete energy and time‐of‐flight characterization of pickup ions will unlock a wealth of data on these hitherto unobserved or unresolved PUI species. The Pickup Ion Composition Spectrometer (PICSpec) is one such instrument and can enable the next generation of pickup ion and isotopic mass composition measurements. By combining a large‐gap time‐of‐flight–energy sensor with a −100 kV high‐voltage power supply for ion acceleration, PUIs will not only be above the detection threshold of traditional solid‐state energy detectors but also be resolved sufficiently in time of flight that isotopic composition can be determined. This technology will lead to a new generation of space composition instruments, optimized for measurements of both heliospheric and planetary pickup ions.