The space race of the 1950’s and 1960’s was a legendary battle between world powers to secure first-mover advantage on the final frontier. By today’s standards, it represented a massive capital investment, but the end goal was remote. It was about discovery.
Now, decades later, we have finally reached a stage where commercialization is actively in progress and billions – and potentially trillions – in value is up for grabs.
Wall Street has fully caught on at this point, with new ETFs starting to roll out such as Cathie Wood’s new ARK Space Exploration & Innovation ETF (ARKX) and Direxion’s Moonshot Innovators ETF (MOON). We would expect others to follow.