TSLA - Kratos: ARK Invest Keeps Buying While The Super-Rich Head Into The Last Frontier (Space)
- Kratos Defense & Security Systems is a small but up-and-coming innovator in the aerospace & defense sector - specializing in autonomous systems and satellite/space communications.
- That makes the company ripe pickings for the ARK Invest funds, which have steadily increased their holdings in KTOS stock.
- As of today, two ARK Invest ETFs hold a whopping 6.2% of the KTOS's average outstanding share count as of the end of Q1.
- That's a bullish indicator considering ARK's investment philosophy is to invest in companies that are expected to deliver a 15% CAGR - that is, a double within 5-years.
- Meantime, Jeff Bezos is set to become the first of the super-rich to personally ride into space.
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Kratos: ARK Invest Keeps Buying While The Super-Rich Head Into The Last Frontier (Space)