Virgin Galactic rockets up 16% after Tesla investor Ark reveals it will launch a space-themed ETF

Virgin Galactic rockets up 16% after Tesla investor Ark reveals it will launch a space-themed ETF

• Virgin Galactic shares surged as much as 16% in premarket trading on Tuesday. • 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. Virgin Galactic stock soared as much as 16% in premarket trading on Thursday, after a major investment fund disclosed plans to launch a space-themed exchange-traded fund. Investors in the commercial-spaceflight company - which counts billionaire entrepreneur Richard Branson as its cofounder and billionaire investor Chamath Palihapitiya as its chairman - are betting it will be included in …
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