Virgin Galactic Soars After ARK Investment Files for Space ETF

Virgin Galactic Soars After ARK Investment Files for Space ETF

Virgin Galactic (SPCE) - Get Report shares surged more than 12% in premarket trading on Thursday after ARK Investment Management filed with the Securities and Exchange Commission to launch a space exploration exchange-traded fund. Virgin Galactic was up 12.48% at $31 in premarket trading after ARK filed its plans with the SEC. While ARK didn't identify which companies it will hold in the space exploration-focused fund, expectations are that Virgin Galactic would be one of the fund’s holdings. Other space-exploration companies also gained on Thursday following ARK’s filing, including New Providence Acquisition and Stable Road Acquisition, two special-purpose acquisition vehicle …
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