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Cathie Wood’s ARK Invest plans ‘Space Exploration ETF’ ARKX

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Virgin Galactic’s spacecraft Unity reaches space for the first time.

Source: Virgin Galactic

Ark Invest, which operates the largest actively managed exchange-traded fund, plans to add a “Space Exploration ETF” under the ticker ARKX, according to a securities filing on Wednesday.

While the ETF’s constituents have yet to be announced, shares of space companies Virgin Galactic and Maxar Technologies each jumped more than 8% in after hours trading.

Ark Invest is coming off a wildly successful 2020, with its flagship ARK Innovation fund returning more than 170% last year and growth in assets under management to $17 billion. The fund’s largest holding is electric car maker Tesla, which accounts…



Source cnbc.com

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