Authorization

Virgin Galactic rockets up 16% after Tesla investor Ark reveals it will launch a space-themed ETF

Virgin Galactic rockets up 16% after Tesla investor Ark reveals it will launch a space-themed ETF

Virgin Galactic co-founder Sir Richard Branson, CEO George Whitesides, and Social Capital CEO Chamath Palihapitiya pose together outside of the New York Stock Exchange ahead of Virgin Galactic trading on October 28, 2019.
Brendan McDermid/Reuters



Virgin Galactic shares surged as much as 16% in premarket trading on Tuesday.



The space-tourism group may be added to Ark Investment Management's planned Space Exploration ETF.



The fund manages a total of $42 billion in ETF products, Bloomberg estimates.



Visit Business Insider's homepage for more stories.

Virgin Galactic stock soared as much as 16% in premarket trading on Thursday, after a major investment fund disclosed plans to launch a space-themed exchange-traded fund.Investors in the commercial-spaceflight company - which counts billionaire entrepreneur Richard Branson as its cofounder and billionaire investor Chamath Palihapitiya as its chairman - are betting it will be included in Ark Investment Management's ARK Space Exploration ETF.Read more: The space industry will grow by over $1 trillion in the next decade, Bank of America says. Here are the 14 stocks best positioned to benefit from the boom.Ark, led by founder and investment chief Cathie Wood, already runs seven ETFs focused on areas such as genomics, 3D printing, robotics, and financial technology. Its flagship Ark Innovation ETF counts Tesla as its largest holding.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Январь 2021    »
ПнВтСрЧтПтСбВс
 123
45678910
11121314151617
18192021222324
25262728293031