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ARK Invest’s Cathie Wood is excited about the private space race

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The space industry is undergoing a change paradigm that Ark Invest’s Cathie Wood believes is dramatically opening the sector to investment opportunities.

“The costs associated with launching, with rockets themselves, with antenna – they’re all coming down dramatically, thanks to both the private and the public sector,” Wood said on CNBC’s “ETF Edge” on Wednesday.

Wood believes in the growth of the private side of the industry – naming the billionaires Elon Musk, Jeff Bezos and Richard Branson, who have their respective space companies SpaceX, Blue Origin, Virgin Galactic and Virgin Orbit – and added that she thinks that “has really helped NASA out” in terms of bringing down costs and…



Source cnbc.com

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