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Space Exploration

Seeks to provide exposure to companies involved in space-related businesses like reusable rockets, satellites, drones, and other orbital and sub-orbital aircrafts. These innovations should transform logistics, observation, agriculture, telecom, drones, and may even put humans on Mars.

space exploration, invest in space technology, reusable rockets, ark strategy

Investment Focus

Reusable Rockets

Reusable Rockets

Orbital Aerospace

Orbital Aerospace

Suborbital Aerospace

Suborbital Aerospace

Aerial Drones

Aerial Drones

3D Printing

3D Printing

Enabling Technology

Enabling Technology

Overview

  • Type: Active Equity
  • Typical # of Holdings: 30-50
  • Inception: Aug. 2018
  • Portfolio Manager: Catherine Wood
  • Analyst: Sam Korus
    Tasha Keeney

Strategy Description

This actively managed equity strategy seeks long-term capital growth by investing in domestic and foreign equity securities of companies focused on space exploration. What used to be a monopolistic and bureaucratic industry is being upended by both rocket and satellite cost declines. As a result of advancements within deep learning, mobile connectivity, sensors, 3D printing, and robotics, decades of ballooning costs have reversed trend and are beginning to decline, leading to a proliferation of satellite launches and rocket landings.

Availability

Strategy Managed Account Mutual Fund
Space Exploration In Japan

The content presented does not constitute investment advice, should not be used as the basis for any investment decision, and does not purport to provide any legal, tax or accounting advice. Certain of the statements contained on this website may be statements of future expectations and other forward-looking statements that are based on ARK’s current views and assumptions, and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Please remember that there are inherent risks involved with investing in the markets, and your investments may be worth more or less than your initial investment upon redemption. There is no guarantee that ARK’s objectives will be achieved. Further, there is no assurance that any strategies, methods, sectors, or any investment programs herein were or will prove to be profitable, or that any investment recommendations or decisions we make in the future will be profitable for any investor or client. Professional money management is not suitable for all investors. For full disclosures, please go to our Terms & Conditions page.

Strategy Characteristics

01

Actively managed, high conviction portfolio

02

Cross sector, geographies, and market capitalizations

03

Benchmark agnostic with low overlap to broad market indicies

04

Research process driven by ARK’s Open Research Ecosystem

Investment Team

Cathie Wood-Work-Remote-Headshot

Catherine Wood

Chief Executive Officer
Chief Investment Officer

Cathie Wood-Work-Remote-Headshot

Catherine Wood

Chief Executive Officer
Chief Investment Officer

Cathie registered ARK Investment Management LLC (“ARK”) as an investment adviser with the U.S. Securities and Exchange Commission in January 2014. With over 40 years of experience identifying and investing in innovation, Cathie founded ARK to focus solely on disruptive innovation while adding new dimensions to research. Through an open approach that cuts across sectors, market capitalizations, and geographies, Cathie believes that ARK can identify large-scale investment opportunities in the public markets resulting from technological innovations centered around DNA sequencing, robotics, artificial intelligence, energy storage, and blockchain technology. As Chief Investment Officer (“CIO”) and Portfolio Manager, Cathie led the development of ARK’s philosophy and investment approach and has ultimate responsibility for investment decisions.

Prior to ARK, Cathie spent twelve years at AllianceBernstein as CIO of Global Thematic Strategies where she managed over $5 billion. Cathie joined Alliance Capital from Tupelo Capital Management, a hedge fund she co-founded, which in 2000, managed approximately $800 million in global thematic strategies. Prior to her tenure at Tupelo Capital, she worked for 18 years with Jennison Associates LLC as Chief Economist, Equity Research Analyst, Portfolio Manager and Director. She started her career in Los Angeles, California at The Capital Group as an Assistant Economist. Cathie received her Bachelor of Science, summa cum laude, in Finance and Economics from the University of Southern California in 1981.

Cathie has been recognized as an influential fund manager across various outlets. In 2018, editors at Bloomberg acknowledged Cathie by selecting her to its second annual Bloomberg 50 list of people across business, entertainment, finance, politics, technology, and science who have defined global business. Additionally, Fortune named Cathie to its exclusive roundtable of experts in the annual Fortune Investors Guide: The Best Investing Advice for 2019 From Fortune’s Experts. In 2016, Cathie received the “Women in Finance – Outstanding Contribution Award” from Market Media. Cathie also has been a featured speaker at the World Economic Forum (China) in 2016 & 2017, the World Strategic Forum (Miami) in 2017, The Sohn Hearts and Minds Investment Leaders Conference (Australia) in 2018 and 2019, and Singularity University’s Exponential Finance in 2017 and Global Summit in 2019.

In 2018, Cathie launched the Duddy Innovation Institute at her alma mater, Notre Dame Academy in Los Angeles. The institute offers a challenging educational experience for young women eager to stretch their learning beyond the boundaries of traditional acquisition of knowledge, while influencing a new way of thinking and learning throughout campus.

*The Adviser did not pay a fee to be considered for or granted any awards. The Adviser did not pay a fee or was required to be a member of an organization to be invited as a speaker at any of the noted events. For full Award Disclosure please go to our Terms & Conditions page. Past performance is not a guarantee of future results.

Nicolaus Copernicus

Nicolaus Copernicus

Catherine’s favorite innovator

Arcticles from Catherine Wood:

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Economics | Health Care | Market Insights | Yield Curve
Economics | Health Care | Market Insights | Yield Curve

The Coronavirus: Innovation Gains Traction During Tumultuous Times

The coronavirus has thrown the markets for a loop, understandably. Half of the solution is understanding the problem, so we are reassured by the universal and unified policy responses globally.

Market Insights | Yield Curve
Brett Winton-Work-Remote-Headshot

Brett Winton

Director of Research

Brett Winton-Work-Remote-Headshot

Brett Winton

Director of Research

Brett joined ARK in February 2014 and has worked alongside Cathie for almost 15 years since their time at AllianceBernstein. As Director of Research, Brett guides and manages the proprietary research of ARK’s investment team. The team recognizes that disruptive innovation demands a dynamic and universal approach. By researching across sectors, industries and markets, ARK’s investment team seeks to gain a deeper understanding of the convergence and market potential of disruptive innovations, and thus size investment opportunities more appropriately.

Prior to ARK, Brett served as a Vice President and Senior Analyst on the Research on Strategic Change team at AllianceBernstein. In that role, Brett conducted thematic research, served on the thematic portfolios strategy committee under Cathie Wood’s stewardship, and advised portfolio managers across asset classes. His research topics included Global Energy in the Face of Carbon Dioxide Regulation; Social Media and the Rise of Facebook; the Reformation of the Financial Services Landscape; and the Emergence of Electric Vehicles. He also is the Founder and Principal at iamB Consulting, providing strategy consulting to early stage startups. Prior to 2007, Brett worked in business development in the Radio-Frequency Identification industry after serving as a founding teacher at a charter high school in Los Angeles. Brett earned his Bachelor of Science in Mechanical Engineering at the Massachusetts Institute of Technology (MIT).

Alexander Winton

Alexander Winton

Brett’s favorite innovator

Arcticles from Brett Winton:

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Artificial Intelligence | Blockchain | DNA Sequencing | Energy Storage | Market Insights | Robotics
Artificial Intelligence | Blockchain | DNA Sequencing | Energy Storage | Market Insights | Robotics

Disruptive Innovation: Why Now?

Economics | Electric Vehicles | Market Insights | Market Review | Wrights Law
Economics | Electric Vehicles | Market Insights | Market Review | Wrights Law

Moore’s Law Isn’t Dead: It’s Wrong – Long Live Wright’s Law

Sam Korus-Work-Remote-Headshot

Sam Korus

Analyst

Sam Korus-Work-Remote-Headshot

Sam Korus

Analyst

Sam joined ARK in July 2015. As an Analyst for ARK’s Autonomous Technology and Robotics strategy, Sam focuses on automation, robotics, energy storage, alternate energy, and space exploration.

Prior to ARK, Sam was a business development intern at Graphiq, a knowledge graph and visualization company. Prior to Graphiq, Sam worked as a captain for Sail Caribbean. Sam graduated from the University of Pennsylvania where he studied Cognitive Science with a concentration in Computation and Cognition.

Sam has appeared on CNBC, BNN and Cheddar TV, and has been quoted in The Wall Street Journal, CNN Money, the Los Angeles Times, among other publications.

Arcticles from Sam Korus:

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Agriculture | Automation
Autonomous Vehicles | Electric Vehicles
Autonomous Vehicles | Electric Vehicles

Tesla’s Potential Trajectory During the Next Five Years

ARK has updated its TSLA valuation regularly. Based on new research, we are sharing our latest model to clarify what we believe is TSLA’s potential.

Tasha Keeney-Work-Remote-Headshot

Tasha Keeney, CFA

Analyst

Tasha Keeney-Work-Remote-Headshot

Tasha Keeney, CFA

Analyst

Tasha joined ARK in January 2014 and is an Analyst for ARK’s Autonomous Technology and Robotics strategy. She covers autonomous cars, additive manufacturing, infrastructure development, and innovative materials.

Previously, Tasha spent almost three years as a management consultant for Applied Value, working primarily with manufacturing and automotive clients. Tasha is a graduate of Boston University’s Collaborative Degree Program with a Bachelor of Science in Business Administration with a Finance concentration, and a Bachelor of Arts in Mathematics and Statistics with a Pure and Applied Mathematics concentration.

Tasha frequently appears on CNBC, CNN, Bloomberg, and Fox Business. She has been quoted and her research has been featured in The Wall Street Journal, Forbes, Wired, the Verge, Bloomberg, CNNMoney, and Marketwatch, among other publications. She has been a featured speaker at the Annual Meeting for the Transportation Research Board, a division of the National Academy of Sciences, Engineering, and Medicine for the United States and at the Port Authority of New York and New Jersey on autonomous driving.

Nikola Tesla

Nikola Tesla

Tasha’s favorite innovator

Arcticles from Tasha Keeney, CFA:

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Drones | Ecommerce
Drones | Ecommerce

Parcel Drone Delivery Should Supercharge Ecommerce

ARK now estimates that parcel drones could deliver packages profitably for only $0.25. Given frictionless and inexpensive delivery, consumers probably would buy many more goods online, growing ecommerce’s share of retail sales from 14% in 2019 to 60% in 2030.

Autonomous Taxis | Autonomous Vehicles | MaaS
Autonomous Taxis | Autonomous Vehicles | MaaS

Autonomous Ridehailing Could Be More Profitable Than We Had Modeled

ARK estimated that consumers will be able to travel on autonomous ridehailing platforms for less than half the cost of driving a personal car and roughly one tenth the cost of a taxi.

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