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LHX - ARKX: The Space Exploration ETF Is Supported By U.S. Defense Spending
L3Harris Technologies Inc.
The ARK Invest Space Exploration ETF is investing in innovative companies, but it is also heavily supported by US Defense spending.
That's because four of the top-10 holdings get the majority of their revenue via US Defense Department contracts.
That is a stabilizing factor in an ETF that otherwise invests in some higher risk/reward companies that are arguably much more highly valued than the defense companies.