By Matthew Makowski The final frontier is capturing the imagination of investors. But are space ETFs a good investment? Well, that depends. And one of the major factors is how big a splash down the forthcoming Ark Invest Space Exploration ETF makes.
The mere news of Ark filing its prospectus to launch a space ETF (under the ticker ARKX) energized speculators. Virgin Galactic (NYSE: SPCE) saw a healthy bump in share price from the announcement. So did the likes of Maxar Technologies (NYSE: MAXR) and Iridium Communications (Nasdaq: IRDM)… All of which could be potential holdings of the Ark ETF.
The excitement around this new …read more