RTX - Space names take off as ARK Invest jumps into sector with ETF

Cathie Wood's Ark Investment Management is looking to blast off into space after a parabolic 2020. Massive inflows were seen at the once-niche firm this past year, which now oversees about $41.5B in ETF products.On tap: The ARK Space Exploration ETF (ARKX), an actively managed ETF that will primarily track U.S. and global companies engaged in space exploration and innovation.Soaring on the news is Virgin Galactic (SPCE), which is up 13.4% in premarket trade, as well as Maxar Technologies (MAXR), which is ahead by 18.7%.Four categories of companies will be included in the ETF: 1) Orbital aerospace companies that launch and service rockets and sattelites, 2) Suborbital aerospace companies that build and service drones, and flying electric vehicles, 3) Enabling technologies companies, which work on the likes of artificial intelligence, robotics and energy storage, 4) Aerospace beneficiary companies, which may be involved in internet access, construction and imaging.Possible candidates: [[ORBC]]

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Space names take off as ARK Invest jumps into sector with ETF