When Cathie Wood’s ARK Invest filed for the ARK Space Exploration ETF in January, some Space stocks also went soaring, including Virgin Galactic and Maxar Technologies.
Bank of America expects the booming space economy will more than triple in the next decade, saying space is tracking to become a $1.4 trillion market. That’s up from about $350B in 2018, per Morgan Stanley.
In other words, as we told you back at our Disruptors Conference in November 2020, you might consider making space for space in your portfolio.
Watch below as ARK’s Sam Korus describes why investing in space could be the next right action, including cross-sector technologies like antennas and satellites coming down in price.