What is the ARK Space Exploration & Innovation ETF?
One of several ETFs under the umbrella of Ark Invest's products, the ARKX ETF is focused on providing exposure to companies operating in the final frontier. According to Ark Invest, the fund "seeks to provide exposure to companies involved in space-related businesses like reusable rockets, satellites, drones, and other orbital and sub-orbital aircrafts."
Operating in space is no small feat, so almost all the companies represented in the ETF are associated with advanced technologies. About 35% of the stocks in the ETF, for example, are leaders in autonomous mobility (the largest sort of tech in the fund), followed by intelligent devices and advanced battery technologies, representing 14.3% and 13.3%, respectively.