Space Exploration ETF (ARKX) Hits New 52-Week High

Core Insights - ARK Space Exploration & Innovation ETF (ARKX) has reached a 52-week high, increasing by 97.4% from its 52-week low of $15.07 per share [1][2] - The ETF focuses on long-term capital growth by investing in companies involved in space exploration and innovation, with an annual fee of 75 basis points [1] - The surge in ARKX is attributed to rising demand for satellite constellations and increased investments in space exploration from both government and corporate sectors [2] - ARKX has a positive weighted alpha of 88.73, indicating potential for continued gains [3]