These Stocks Are Going to the Moon. Should You Invest $1,000?

The space economy is rocketing to new heights. McKinsey estimates it will rise from about $630 billion in 2023 to $1.8 trillion by 2035. It includes technologies like satellites, launchers, GPS, and broadcast television, among many others. The Ark Space Exploration & Innovation ETF (NYSEMKT: ARKX), managed by Cathie Wood's ARK Invest, is a great way to invest in an array of these space-related stocks. For those unfamiliar, ARK's exchange-traded funds (ETFs) are actively managed, focus on multidecade technological shifts (Ark calls them innovation platforms), and have a five-year investment horizon.Ark says the ARKX fund aims for thematic exposure to space exploration, including orbital and sub-orbital aerospace, enabling technologies, and beneficiaries of aerospace activities, such as agriculture, Internet access, GPS, construction, and imaging. It will hold any stock, in fact, that can be seen as enabling, leading, or benefiting from products or services that occur beyond the surface of the earth.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool