🟢 ARK Space & Defense Innovation ETF is trading 5% up today on industrials/space rally ahead of SpaceX IPO

ARK Space & Defense Innovation ETF is trading 5% higher today as industrials and space-related names rally alongside a firm broader tape.

• Sentiment is supported by enthusiasm surrounding the record-size SpaceX IPO and improved risk appetite following Thursday’s strong gains in cyclicals and space/defense plays.
• Broader market momentum is positive, with S&P 500, Nasdaq, and Dow futures all pointing higher in pre-market trading.