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Cathie Wood Plans to Start Space ETF After Dominating With ARKK

  • Space Exploration ETF set to join firm’s $42 billion assets
  • Ark recently became top-10 ETF issuer amid ARKK success
Bloomberg business news
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After a stratospheric year, Cathie Wood’s Ark Investment Management is ready to take it a step further: Into space.

The New York-based firm is planning to launch the ARK Space Exploration ETF (ticker ARKX), according to a filing with the Securities and Exchange Commission. The actively managed exchange-traded fund will primarily track U.S. and global companies engaged in space exploration and innovation.