Ark Invest plans to add a âSpace Exploration ETFâ under the ticker ARKX, according to a securities filing on Wednesday.
While the ETFâs constituents have yet to be announced, shares of space companies Virgin Galactic and Maxar Technologies each jumped in after-hours trading.
The Space Exploration ETF would focus on companies that are âleading, enabling, or benefitting from technologically enabled products and/or services that occur beyond the surface of the Earth,â the filing said.
According to the filing the four categories/type of companies this ETF is investing are:
Orbital Aerospace e.g. satellites
Suborbital Aerospace e.g. drones, air taxies
Enabling Technologies e.g. AI, 3D printing
Aerospace Beneficiary Companies e.g. GPS, construction
âSpace Exploration Companies can be grouped into four overarching categories, each of which contains relevant sub-elements. Orbital Aerospace Companies are companies that launch, make, service, or operate platforms in the orbital space, including satellites and launch vehicles. Suborbital Aerospace Companies are companies that launch, make, service, or operate platforms in the suborbital space, including drones, air taxis and electric aviation vehicles. Enabling Technologies Companies are companies that create the technologies required for successful value-add aerospace operations, including artificial intelligence, robotics, 3D printing, materials and energy storage. Aerospace Beneficiary Companies are companies that stand to benefit from aerospace activities, including agriculture, internet access, global positioning system (GPS), construction and imaging.â
Under normal circumstances, substantially all of the Fundâs assets will be invested in equity securities, including common stocks, partnership interests, business trust shares and other equity investments or ownership interests in business enterprises.
An interesting tweet below which may help speculating about possible holdings for ARKX (when it launches), some of them already available on :freetrade:
Yeah, Iâd hope thats definitely refined (didnât know you could buy space-faring tractorsâŠ). Thereâs also plenty of big names like Maxar & Loral that deserve top weighting and a couple of new SPACs. I can tell ARKX will be substantially different just from the information theyâve released about it so far.
Itâs not possible to add ARK etfs. Have you read the previous comments?
Not sure what that has to do with Airbus. You canât even buy Airbus on Freetrade.
Airbus is a UK stock and is being added to the new ARKX, what Iâm saying is that if a UK company is being added to this ETF then surely we should get some sort of access in general. Also bare in mind there are other financial investments firms regulated by the FCA which have ARK ETFs. I would appreciate if you do some research. KiFID Documents may not be available to the broker Freetrade are using doesnât mean that canât change.
I understand, youâre just wrong in some things. Sure, if youâre an accredited investor you could theoretically buy that. You arenât and freetrade has no incentive to offer it since (almost) nobody on here would qualify.
And neither is Airbus a UK company. Theyâre not even listed in the UK, but on a bunch of European exchanges. Itâs part owned by other european governments (mostly France, Spain, Germany) and itâs form is that of an SE (Societas Europea).
The issue I have in investing in Space Exploration and Drones is alot of the key players have a big military focus. I think space exploration and especially drones is really exciting but on a completely personal level I donât like the idea in investing in stocks with such a military emphasis.
