Cathie Wood’s Vision for Space ETF Sends Industry Soaring
- UFO, ROKT rally after Ark files to create a similar offering
- New York-based Ark was one of the hottest managers of 2020
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Cathie Wood’s magic touch is so powerful these days she can trigger gains for funds she doesn’t even run.
News on Wednesday that Ark Investment Management has filed to launch the ARK Space Exploration ETF (ticker ARKX) sparked a rally for similar funds as well as for companies linked to everything from intergalactic travel to out-of-this-world broadband.