2 Reasons Why The ARK Space Exploration ETF Could Be A Dud (ARKX)
The new ARK ETF debuted to a lot of fanfare, but it s looking like one of the company s weaker offerings.
Author:
ARK Space Exploration ETF (ARKX) is a disappointment.
Let s be clear. This isn t an indictment of Cathie Wood or the ARK Invest company s success. She has worked incredibly hard, achieved an impressive degree of success and deserves every bit of it.
But if I m being completely honest, ARKX isn t, in my opinion, living up to what I thought it would be.
To be fair, the space exploration industry is a pretty narrow segment of the market. There are few companies out there that can boast that a significant chunk of their bottom line is dependent on this theme. There are far more companies that are exploring or building the technology and/or equipment that could end up in space, but it s such a small part of their overall business strategy that you d be gaining a lot of exposure to non-related business acti