Why Ark's Cathie Wood is so bullish on space: Costs are coming down dramatically

cnbc2021-02-18

KEY POINTS The space industry is undergoing a change paradigm that Ark Invest's Cathie Wood believes is dramatically opening the sector to investment opportunities. "The costs associated with ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Glenna
2021-02-20
Glenna
looking forward to this
Channie
2021-02-19
Channie
Can’t wait for this!!
- mtwr82:
  Yes
YiiYii
2021-02-19
YiiYii
Nice
Samuel.L
2021-02-19
Samuel.L
Nice please like my comment
- angelA:
  Gd
SolidSnake
2021-02-19
SolidSnake
Space is current hot stock pick for 2021
- SolidSnake:
  Continue to have fate in space counters
- angelA:
  Gd

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1185319622?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-02-18 13:45","share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","id":"1185319622","market":"us","top_or_hot":-1,"title":"Why Ark's Cathie Wood is so bullish on space: Costs are coming down dramatically","media":"cnbc","content":"<div>\n<p>KEY POINTS\n\nThe space industry is undergoing a change paradigm that Ark Invest's Cathie Wood believes is dramatically opening the sector to investment opportunities.\n\"The costs associated with ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/17/ark-invests-cathie-wood-is-excited-about-the-private-space-race.html\">Source Link</a>\n\n</div>\n","source":"cnbc_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Ark's Cathie Wood is so bullish on space: Costs are coming down dramatically</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Ark's Cathie Wood is so bullish on space: Costs are coming down dramatically\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 13:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/17/ark-invests-cathie-wood-is-excited-about-the-private-space-race.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nThe space industry is undergoing a change paradigm that Ark Invest's Cathie Wood believes is dramatically opening the sector to investment opportunities.\n\"The costs associated with ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/17/ark-invests-cathie-wood-is-excited-about-the-private-space-race.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ARKF","symbol_name":"ARK Fintech Innovation ETF","start_time":0,"source_url":"https://www.cnbc.com/2021/02/17/ark-invests-cathie-wood-is-excited-about-the-private-space-race.html","article_id":"1185319622","we_media_id":null,"thumbnails":[],"rights":{"source":"cnbc_highlight","url":"https://www.cnbc.com/2021/02/17/ark-invests-cathie-wood-is-excited-about-the-private-space-race.html","rn_cache_url":null,"customStyle":"body{padding-top:10px;}.ArticleHeader-headline{#titleStyle#}a{#lv2TextColor#}.ArticleHeader-time, .Author-authorNameAndSocial a{#sourceStyle#;}","selectors":".PageBuilder-pageWrapper","filters":".ArticleHeader-eyebrow, .RelatedTags-relatedTags","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1185319622","pubTimestamp":1613627111,"sourceInfo":{"source_id":"cnbc_highlight","name":"CNBC"},"weMediaInfo":null,"summary":"KEY POINTS\n\nThe space industry is undergoing a change paradigm that Ark Invest's Cathie Wood believe","collect":0,"end_time":0,"defaultTopTitle":"cnbc.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ARKF":"ARK Fintech Innovation ETF","ARKW":"ARK Next Generation Internation ETF","ARKG":"ARK Genomic Revolution ETF","ARKK":"ARK Innovation ETF","ARKQ":"ARK Autonomous Technology & Robotics ETF"},"translate_title":"为什么方舟公司的凯茜·伍德如此看好太空:成本正在大幅下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARKF":0.9,"ARKG":0.9,"ARKK":0.9,"ARKQ":0.9,"ARKW":0.9},"content_text":"KEY POINTS\n\nThe space industry is undergoing a change paradigm that Ark Invest's Cathie Wood believes is dramatically opening the sector to investment opportunities.\n\"The costs associated with launching, with rockets themselves, with antenna – they're all coming down dramatically, thanks to both the private and the public sector,\" Wood said on CNBC's \"ETF Edge\" on Wednesday\nArk Invest last month revealed that it is preparing to launch a space exploration ETF, under the ticker ARKX.\n\nThe space industry is undergoing a change paradigm that Ark Invest's Cathie Wood believes is dramatically opening the sector to investment opportunities.\n\"The costs associated with launching, with rockets themselves, with antenna – they're all coming down dramatically, thanks to both the private and the public sector,\" Wood said on CNBC's\"ETF Edge\"on Wednesday.\nWood believes in the growth of the private side of the industry – naming the billionairesElon Musk,Jeff BezosandRichard Branson, who have their respective space companies SpaceX, Blue Origin,Virgin Galacticand Virgin Orbit – and added that she thinks that \"has really helped NASA out\" in terms of bringing down costs and adding capabilities.\n\"On the technology side we see SpaceX and Blue Origin pushing the envelope, so costs are coming down and the technology is finally ready,\" Wood added.\nArk Invest last month revealed that it is preparing to launch a space exploration ETF, under the ticker ARKX. Word of the new space ETF had a swift impact on the limited number of public companies in the sector, withshares of pure-play space companies rallying the day after an Ark securities filing about the ETF was made public — as well as the stocks of two SPACs, or special purpose acquisition vehicles, which are looking to take space companies public.\nWood declined to comment on the coming ARKX fund, noting that she couldn't yet say anything about her firm's plans.\n\"We're in the quiet period when it comes to the fund itself. You have to wait until the SEC deems it effective,\" Wood said.\nReusing rockets is the 'only way' to get to Mars\nWood especially highlighted the work that Musk's SpaceX has done to develop reusable rockets, with the company now landing and re-launching rocket boosters with consistency. SpaceX is working on developing a next-generation rocket called Starship, to fulfill Musk's vision of building a rocket that is capable of regular flights – similar to an airplane.\n\"Many people were saying: 'Why is he doing that?'\" Wood said. \"Now we know the only way [Musk] is going to be able to get to Mars, or whoever the first people are. We are going to need reusable rockets.\"\nSpaceX has successfully launched multiple Starship prototypes, landing them safely after short flights to about 500 feet altitude. But its two most recent high-altitude flights, despite passing multiple development milestones, exploded on impact during attempted landings.Despite the explosive endings to the last two flights, SpaceX has viewed the launches as steps forward in the rocket's development.\nMusk three years ago estimated that the Starship project will cost SpaceX about $5 billion to develop. The companylast week closed its latest round of fundraising, CNBC reported on Tuesday, bringing in $850 million in new capital at a valuation of about $74 billion.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":387410848,"gmtCreate":1613774129784,"gmtModify":1704884850791,"author":{"id":"3570769377369254","authorId":"3570769377369254","name":"Glenna","avatar":"https://static.tigerbbs.com/8cb1540811be40c4d05341502c35498c","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"looking forward to this","listText":"looking forward to this","text":"looking forward to this","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/387410848","repostId":1185319622,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":387071144,"gmtCreate":1613704132688,"gmtModify":1704883865009,"author":{"id":"3568617681528426","authorId":"3568617681528426","name":"Channie","avatar":"https://static.tigerbbs.com/2a29335cab236671ee26266ab47ff848","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Can’t wait for this!!&nbsp;","listText":"Can’t wait for this!!&nbsp;","text":"Can’t wait for this!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/387071144","repostId":1185319622,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3679541,"gmtCreate":1614435748051,"gmtModify":1680778593441,"authorId":3574136404402771,"author":{"id":3574136404402771,"authorId":3574136404402771,"name":"mtwr82","avatar":"https://static.tigerbbs.com/2538e2ef5a20a313f0eba1f1415a7c24","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":387071144,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"}],"langContent":"EN"},{"id":387065751,"gmtCreate":1613700619473,"gmtModify":1704883818128,"author":{"id":"3567052123559984","authorId":"3567052123559984","name":"YiiYii","avatar":"https://static.tigerbbs.com/bb10d436567743e0e60ba0933900bf20","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":3,"crmLevelSwitch":0},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/387065751","repostId":1185319622,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":387061445,"gmtCreate":1613700269487,"gmtModify":1704883812870,"author":{"id":"3563577781679506","authorId":"3563577781679506","name":"Samuel.L","avatar":"https://static.tigerbbs.com/1186b61f5b04203ae75a2949bd647713","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Nice please like my comment","listText":"Nice please like my comment","text":"Nice please like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/387061445","repostId":1185319622,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3607822,"gmtCreate":1613713076787,"gmtModify":1680777496203,"authorId":3566524398877459,"author":{"id":3566524398877459,"authorId":3566524398877459,"name":"angelA","avatar":"https://static.tigerbbs.com/e50185d396d432695a2f2d904ac22dda","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":387061445,"type":1,"supId":0,"prevId":0,"content":"Gd","text":"Gd","html":"Gd"}],"langContent":"EN"},{"id":387037512,"gmtCreate":1613698306936,"gmtModify":1704883779770,"author":{"id":"3569277422888666","authorId":"3569277422888666","name":"SolidSnake","avatar":"https://static.tigerbbs.com/29bda221d66b84c5749c370962298d93","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":5,"crmLevelSwitch":1},"htmlText":"Space is current hot stock pick for 2021","listText":"Space is current hot stock pick for 2021","text":"Space is current hot stock pick for 2021","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/387037512","repostId":1185319622,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3642258,"gmtCreate":1614086559465,"gmtModify":1680778025032,"authorId":3569277422888666,"author":{"id":3569277422888666,"authorId":3569277422888666,"name":"SolidSnake","avatar":"https://static.tigerbbs.com/29bda221d66b84c5749c370962298d93","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.04.08","exceedPercentage":"93.46%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":387037512,"type":1,"supId":0,"prevId":0,"content":"Continue to have fate in space counters","text":"Continue to have fate in space counters","html":"Continue to have fate in space counters"},{"id":3607819,"gmtCreate":1613713060040,"gmtModify":1680777496511,"authorId":3566524398877459,"author":{"id":3566524398877459,"authorId":3566524398877459,"name":"angelA","avatar":"https://static.tigerbbs.com/e50185d396d432695a2f2d904ac22dda","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":387037512,"type":1,"supId":0,"prevId":0,"content":"Gd","text":"Gd","html":"Gd"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":59,"commentSize":50,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1185319622"}