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ARK Invest’s ARKX space exploration ETF to begin trading on Tuesday

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Virgin Galactic pilots walk to the company’s SpaceShipTwo Unity spacecraft, attached to the jet carrier aircraft Eve.

Virgin Galactic

Ark Invest, Cathie Wood’s firm with multiple actively managed exchanged-traded funds, will debut its latest fund on Tuesday: a space exploration ETF.

ARKX, the firm’s eighth ETF, comes as an increasing number of private space companies prepare to go public later this year. In the past six months, seven space companies have announced SPAC deals.

Wood — chief investment officer and CEO of Ark Investment Management — has made a name for herself by investing in “disruptive innovation” stocks. Wood’s flagship fund, Ark Innovation, has seen more than $16…



Source cnbc.com

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