ARK Space & Defense Innovation ETF is trading 3.6% up today as the fund benefits from a broad risk-on move in U.S. equities and renewed interest in aerospace and defense sectors.
- The ETF’s heavy industrials exposure is gaining momentum as investors position ahead of the highly anticipated SpaceX IPO.
- Positive sentiment around space and military platforms is driving gains, with major indices up over 1% and cyclical stocks leading the market.