Virgin Galactic (SPCE) Stock Up 1% Now, Ahead of Proposed Ark Space Exploration ETF
Jan 18 2021 · 09:33 UTC | Updated
Jan 18 2021 · 11:36 by Benjamin Godfrey · 3 min read
Photo: Virgin Galactic
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Other firms, besides Virgin Galactic, like Maxar Technologies and Momentus, also have the chance of being included in the ETF.
American spaceflight company, Virgin Galactic Holdings Inc (NYSE: SPCE) has seen its stock rejuvenated on hopes that Catherine Wood’s Ark Invest, the operator of the world’s largest Exchange Traded Funds (ETF), is planning on launching a new Space Exploration ETF. The knowledge of Ark Invest and Wood, renowned for their productive ETF bets have sent not just SPCE stock upward in today’s pre-market, but have had a significant impact on the shares of the major players in the industry.
Proterra (ACTC) Is a Leader in the Electric Mobility Sphere but Investors Should Not Write-off Arrival (CIIC) and Lightning eMotors (GIK) Jan 18, 2021 10:11 EST
Proterra, the top manufacturer of electric transit buses in North America, is now on the verge of becoming a public entity by merging with the Special Purpose Acquisition Company (SPAC), ArcLight Clean Transition Corp. (NASDAQ:ACTC).
As per the press statement released by Proterra on the 12th of January 2021, the merger with ArcLight Clean Transition is expected to close in the first half of 2021. The combined company is expected to have a pro forma equity value of $2.4 billion. Moreover, Proterra will have access to $648 million in cash, derived from exiting cash balance in trust and $415 million in PIPE investment from institutional investors.
Marlin Technology Corporation Completes Pricing of Upsized $360 Million Initial Public Offering yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.