Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. Shares of Stable Road Acquisition (NASDAQ:SRAC) are up 26% in pre-market trading, while shares of New Providence Acquisition (NASDAQ:NPA) are up more than 19% and shares of both Virgin Galactic Holdings (NYSE:SPCE) and Maxar Technologies (NYSE:MAXR) climbed more than 15% in the premarket. Virgin Galactic is a space tourism company that hopes to begin service this year, ferrying paying customers beyond Earth's atmosphere for $250,000 apiece. Space is a red-hot area right now, attracting significant investor interest, and on … This actively managed equity strategy seeks long-term capital growth by investing in domestic and foreign equity securities of companies focused on space exploration. Space is a red-hot area right now, attracting significant investor interest, and on Thursday investors piled into the stocks most likely to be included in the ETF. Lou has followed the markets for more than two decades, developing extensive contacts including industry leaders, consultants, regulators, and labor representatives. At the same time, ARK sold thousands of shares in some of the stocks where it has the highest stakes. One of the hottest names in investing is launching an exchange-traded fund (ETF) focused on space, and that has some of its likely holdings soaring on Thursday morning. The fund will be the called the ARK Space Exploration ETF (ARKX), according to a filing with the Securities and Exchange Commission. Late Wednesday, Ark Invest filed to operate "Space Exploration ETF" under the ticker ARKX. The Ark Space Exploration ETF, which will trade under the ticker ARKX, will include companies “leading, enabling, or benefitting from technologically … And one of the major factors is how big a splashdown the forthcoming Ark Invest Space Exploration ETF makes. We’re motley! ARK Space Exploration ETF (ARKX) Holdings. Nokia to Provide Cell Service on the Moon (and Other Space Stories), Copyright, Trademark and Patent Information. Few investment firms had a better 2020 than Cathie Wood's Ark Invest, with its flagship ARK Innovation (NYSEMKT:ARKK) fund returning 170% last year and growing assets under management to $17 billion. Ark, the leader in ETFs, is launching a space exploration ETF, Virgin Galactic stock is to feature in. Just be sure to understand the risks and keep space to a small part of a well-diversified portfolio. The big news out of the world of exchange traded funds is that Cathie Wood's ARK Investment Management is planning to launch a new fund: the ARK Space Exploration ETF. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. This much smaller ETF that splits its focus between space exploration and deep sea exploration has also gained assets since ARK’s move, picking up about $9 million since Jan. 13. What used to be a monopolistic and bureaucratic industry is being upended by both rocket and satellite cost declines. less than 0.05 percent of the ETF’s total holdings, identified improving battery storage as the primary technology, previously reported to be searching for a special purpose acquisition company (SPAC), ambitious vehicle and ecosystem development projects. Aerojet Rocketdyne Holdings (AJRD) has been doing just that and it was actually the company's rockets that landed the Curiosity spacecraft on the surface of Mars. SPCE stock is up after losing 8%. Space, though exciting, is hard to get right. Space Exploration ARKQ is an actively managed ETF that seeks long-term growth of capital by investing under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of of autonomous technology and robotics companies that are relevant to the Fund’s investment theme of disruptive innovation. Stable Road is a special purpose acquisition company, or SPAC, set to merge with Momentus, which is building spacecraft capable of moving satellites and space debris in orbit. One of the challenges of a space ETF, and a likely reason these stocks are moving, is there are relatively few public companies in the space niche. Returns as of 03/10/2021. Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Space Stocks Are Rocketing Higher Today @themotleyfool #stocks $MAXR $LMT $NOC $LHX $LDOS $ARKK $SPCE $SRAC $NPA, Why Maxar Technologies Stock Is Green on a Red Day for the Market, Why Maxar Technologies Stock Popped 11% This Morning. Ark Invest plans to add a “Space Exploration ETF” under the ticker ARKX, according to a securities filing on Wednesday. Market data powered by FactSet and Web Financial Group. If you have an ad-blocker enabled you may be blocked from proceeding. Speculation is currently underway about what the holdings may be. ARK offers a space exploration strategy to managed account investors in Japan. ARK Investment Management, an asset-management firm led by Wood, filed late Wednesday to launch the ARK Space Exploration exchange-traded fund under the ticker ARKX. The mere news of Ark filing its prospectus to launch a space ETF (under the ticker ARKX) energized speculators. Numerous space stocks jumped on Thursday after the fund was announced, despite no news yet of which companies will be initially included. New Providence Acquisition is also a SPAC, set to merge with space-based communications vendor AST SpaceMobile. The actively managed ARK Space Exploration ETF’s … The expense ratio is … Investors in the space race will have a new ETF to choose from soon, as ARK Investment Management has filed to launch a new fund tracking space exploration companies. A high-level overview of ARK Space Exploration ETF (ARKX) stock. Virgin Galactic Holdings (SPCE) surged more than 14 percent, and Maxar Technologies (MAXR) jumped over 20 percent. The new fund from New York-based Ark will primarily track U.S. and global companies engaged in space exploration and innovation, according to … Space Exploration Seeks to provide exposure to companies involved in space-related businesses like reusable rockets, satellites, drones, and other orbital and sub-orbital aircrafts. Maxar Technologies Earnings Roar, Stock Falls -- Wait, What? Space exploration is being grouped into four categories by Ark. Even the best operators experience setbacks, and some seemingly promising technologies and companies will fail to reach orbit. In the filing, ARK … That offering “seeks to provide exposure to companies involved in space … On Jan. 13, Ark Invest released a preliminary prospectus filing to share the news about the upcoming ARKX Space Exploration ETF. So did the likes of Maxar Technologies (NYSE: MAXR) and Iridium Communications (Nasdaq: IRDM)… all of which could be potential holdings of the Ark … The categories are orbital aerospace companies, suborbital aerospace companies, … The actively managed ARK Space Exploration ETF’s investment objective is long-term growth of capital. Ark analysts declined to comment on the new ArkX fund at this time. AJRD … As a result of advancements within deep learning, mobile connectivity, sensors, 3D printing, and robotics, decades of … Copyright ©2021 evtol.com, All rights reserved. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. The new fund has yet to be launched, as of this writing, and its holdings not yet fully disclosed. ARK defines “space exploration” as leading, enabling, or benefiting from technologically enabled products and/or services that occur beyond the surface of the Earth. And given the likely popularity of the Ark space ETF, it seems likely that new attention, and new funds, will flow into the companies in its basket. Late Wednesday, Ark Invest filed to operate "Space Exploration ETF" under the ticker ARKX. Virgin Galactic (NYSE: SPCE) saw a healthy bump in share price from the announcement. The space-travel company Virgin Galactic Holdings Inc. SPCE was up about 19.9% on Jan 14. Stock Advisor launched in February of 2002. Ark Invest's Innovation fund is strongly associated with Elon Musk's Tesla, but his space company, SpaceX, is not currently public. A new space exploration ETF is on the horizon: the Ark Space Exploration ETF. What might the ARK Space Exploration ETF yield? The new fund from New York-based Ark will primarily track U.S. and global companies engaged in space exploration and innovation, according to … Please disable your ad-blocker and refresh. Securities and Exchange Commission (SEC) paperwork is underway and according to the filing, the fund will go live under the ticker symbol ARKX. Given the high risk but potential reward, an ETF strategy allowing an investor to buy a stake in a number of companies instead of putting funds into just one stock could make a lot of sense. When not arguing on Twitter or writing about the markets, Lou spends his free time out in nature, complaining online about the Baltimore Orioles or Watford FC, or listening to early 1990s alt rock. These are exciting times for space investors. In other words, the introduction of the ARK Space Exploration ETF would bring a bright new spotlight to the opportunities that currently exist in the space field. He spends a lot of time these days focused on the industrials and financials. Cathie Wood's famed ARK Investment Management plans to launch an ARK Space Exploration ETF. Other potential entries into the ETF include a wide range of defense contractors including Northrop Grumman (NYSE:NOC), Lockheed Martin (NYSE:LMT), Leidos Holdings (NYSE:LDOS), and L3Harris Technologies (NYSE:LHX). These innovations should transform logistics, observation, agriculture, telecom, drones, and may even put humans on Mars. Ark recently became a top -10 ETF issuer, thanks in large part to its $21.6 billion flagship Ark Innovation ETF (ARKK) that has Tesla Inc. as its biggest holding. Maxar, meanwhile, is a maker of space hardware and a provider of satellite-based Earth imaging and data. Investors tend to focus on what is hot, and so Wood is getting a lot of attention right now. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.