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Morgan Stanley’s Adam Jonas explains how he rates SpaceX at ‘Barron Roundtable’
Cathie Woods’ ARK investment embarks on the space race, launching a space ETF on Tuesday that will focus on “leading, enabling or benefiting from technologically enabled products and / or services that occur beyond the surface of the earth”.
The new fund, which has an expense ratio of 0.75%, will invest in four areas related to space exploration and innovation: orbital aerospace, suborbital aerospace, enabling technologies and recipient companies. aerospace.
| Teleprinter | security | Last | Change | Change% |
|---|---|---|---|---|
| ARKX | ARK ETF TRUSTS THE EXPLORATION AND INNOVATION OF SPACE | 8:30 p.m. | +0.07 | + 0.32% |
ARKX closed flat on the first day of trading.
HOME PANEL PROBES SPACEX LAUNCH ACTIVITIES
The main holdings of the new fund currently include Trimble Inc, Kratos Defense & Security, L3Harris Technologies, Komatsu, Lockheed Martin and Boeing.
| Teleprinter | security | Last | Change | Change% |
|---|---|---|---|---|
| TRMB | TRIMBLE NAVIGATION | 76.04 | +0.76 | + 1.01% |
| SOMEBODY | KRATOS DEFENSE AND SECURITY SOLUTIONS | 27.92 | +0.49 | + 1.79% |
| LHX | L3HARRIS TECHNOLOGIES, INC. | 203.07 | +0.03 | + 0.01% |
| KMTUY | KOMATSU | 31.47 | +0.95 | + 3.11% |
| LMT | LOCKHEED MARTIN CORP. | 370.54 | -2.25 | -0.60% |
| BA | THE BOEING CO. | 252.13 | +1.66 | + 0.66% |
ARKX’s second largest holding company is another ARK fund, the 3D Printing ETF, which tracks price developments of companies involved in the 3D printing industry.
“Thanks to advances in deep learning, mobile connectivity, sensors, 3D printing and robotics, costs that have been skyrocketing for decades are starting to drop. As a result, the number of satellite launches and rocket landings proliferate, ”Wood said ahead of ARKX’s launch.
“We believe the single orbital aerospace revenue opportunity – including satellite connectivity and hypersonic flight – will exceed $ 370 billion per year.”
| Teleprinter | security | Last | Change | Change% |
|---|---|---|---|---|
| ARKK | ARK ETF TR INNOVATION ETF | 114.42 | +3.25 | + 2.92% |
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Ark Investments focuses on “disruptive innovation”, which it defines as “a new, technologically enabled product or service that the advisor expects to change the landscape of the industry”.
Woods and its actively managed funds came into the limelight after its flagship ETF, ARK Innovation, climbed 148% last year, although it fell 8% in the first three months of 2021.
ARK Investment manages approximately $ 45 billion in net assets across its eight ETFs.
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