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Virgin Galactic rockets up 16% after Tesla investor Ark reveals it will launch a space-themed ETF – Business Insider
The space-tourism company could be included in the new fund, which is expected to hold between 40 and 55 stocks.
Virgin Galactic co-founder Sir Richard Branson, CEO George Whitesides, and Social Capital CEO Chamath Palihapitiya pose together outside of the New York Stock Exchange ahead of Virgin Galactic trading on October 28, 2019.
Brendan McDermid/Reuters
- Virgin Galactic shares surged as much as 18% on Thursday.
- The space-tourism group may be added to Ark Investment Management’s planned Space Exploration ETF.
- The fund manages a total of $42 billion in ETF products, Bloomberg estimates.
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