Man Who Called $3 Trillion Apple Predicts the Next Trillion Dollar Stock

In 2007, he predicted Facebook would become a $100B company.... In 2010, he predicted Apple would reach a three-trillion-dollar valuation.... In 2013, he called Bitcoin -- before it rose 50,000% and ultimately reached a trillion-dollar market cap. And now... This A.I. Genius is stepping into the spotlight to predict the next-trillion stock.

Cathie Wood To The Moon! Ark Invest Loading Up On This Space Company For Its ETFs

Chris Katje
September 28, 2022

Ark Invest and Cathie Wood have bet on several space-related companies over the years. The ETF company also launched its own space ETF in 2021 to tackle the growing industry. One space-related company was recently added to two Ark Invest ETFs this week.

What Happened: A new position in Rocket Lab USA Inc (NASDAQ:RKLB) was taken by the Ark Autonomous Technology & Robotics ETF (BATS:ARKQ) and the Ark Space Exploration & Innovation ETF (BATS:ARKX) this week.

Rocket Lab, which went public via SPAC merger, is one of the largest commercial space exploration companies, trailing only SpaceX in terms of rocket launches.

Ark Invest bought 571,467 shares of RKLB on Monday and Tuesday for the ARKQ ETF. The purchases make Rocket Lab the 37th largest position at $2.39 million and 0.25% of assets.

Ark Invest bought 157,470 shares of RKLB on Monday and Tuesday for the ARKX ETF. The purchases make Rocket Lab the 35th largest position at $660 million and 0.25% of assets.

Related Link: Analyst Rating For Rocket Lab (RKLB) 

Why It’s Important: A general theme of Cathie Wood and Ark Invest is to find disruptive and innovative companies. The space sector is expected to continue its expansion and companies such as Rocket Lab and SpaceX helping grow the sector.

Rocket Lab had its first successful launch in 2018 and completed more than 20 flights in its history including seven in 2022. The company has missions booked for trips to Mars and Venus as well.

Like SpaceX, Rocket Lab is also hoping its reusable rocket program can help boost the number of launches and associated costs.

Rocket Lab recently held an investor day and shared updates on several programs moving forward. The company’s Electron program is among the leaders in small satellite launches with more than 30 missions completed.

The company highlighted several future missions including a launch in December and a new contract with a confidential customer for the first quarter of 2023.

Rocket Lab’s Space Systems segment highlighted its upcoming planned interplanetary missions to Mars and Venus.

Ark Invest is now investing in a leading publicly traded rocket company, despite it being referred to as the second-best rocket launch company or number two behind SpaceX, which is not public. While Ark Invest has only bought shares on two occasions, its ETFs could continue to accumulate shares and make a big bet on the future of space via Rocket Lab.

RKLB Price Action: Rocket Lab shares were up 4.53% to $4.38 at market close Wednesday versus a 52-week range of $3.53 to $16.97.

Photo: Dima Zel via Shutterstock

Continue Reading...

Popular

Trump Reportedly Eyes Marco Rubio For VP In 2024 Presidential Bid But There Is A Hiccup Called The Constitution

In the latest development surrounding the 2024 presidential race, former President Donald Trump is reportedly considering Sen. Marco Rubio (R-Fla.) as a potential vice presidential candidate.

Stocks Pause As Traders Reassess Interest Rate Path, Gold Makes New Highs, Bitcoin Rebounds: What's Driving Markets Thursday?

In the final session of the short trading week leading up to Easter festivities, U.S. equity indices held steady, reflecting some setbacks in market expectations regarding interest rate reductions.

2,000,000 "A.I. Crown Jewels" Set for Mass Production - Ad

A.I. investors...get ready: Because this little-known supplier just received a GIGANTIC order from Nvidia. It's one of the biggest production runs in technology history. And it's part of the reason why Barrons says this supplier could see $100 BILLION in sales by 2025.

France's Macron tells Brazilian execs that prospective Mercosur-EU deal is 'terrible' and outdated

SAO PAULO (AP) — French President Emmanuel Macron told Brazilian executives on Wednesday that a proposed deal between the European Union and the South American trade bloc Mercosur is bad for both parties.

Donald Trump Jr. Wants A VP 'Fighter' Who Can 'Take Hits,' 3 Names Are On His List

In the lead-up to the 2024 presidential race, former President Donald Trump's son Donald Trump Jr. is advocating for a "fighter" to

$1k/Day in Crypto - Witness the Proven Strategy Now - Ad

Ever heard of those rare, almost mythical 100x, 200x or even 300x+ returns in the crypto world? Usually, they're the stuff of luck, hinging on choosing the right altcoin at the perfect moment. But what if there was a systematic, predictable way to achieve outsized returns in crypto?

TikTok is under investigation by the FTC over data practices and could face a lawsuit

NEW YORK (AP) — The Federal Trade Commission is investigating TikTok over its data and security practices, a probe that could lead to a settlement or a lawsuit against the company, according to a person familiar with the matter.

Chipotle's board has approved a 50-for-1 stock split. Here's what that means

NEW YORK (AP) — In a rare move on Wall Street, Chipotle Mexican Grill's board has approved a 50-for-1 stock split.

The Sneaky (Yet 100% Legal) Way for Obama to Return to Power - Ad

The ONLY way Democrats can keep the White House is to bring back Barack Obama. And there's a sneaky (yet 100% legal) way to achieve this. In fact, this disaster scenario is already underway. See what they're up to, and how you can get ready today.

Jim Cramer Reveals Nvidia's Non-Tech Partners That Can Be Potential Market Winner: 'Best Opportunities'

CNBC host Jim Cramer has spotlighted several lesser-known partners of Nvidia that could potentially benefit from the company's advanced artificial intelligence technology.

'All Hell's Gonna Break Loose' If Trump Returns To Power, Says Former RNC Chair: 'It's Not About Return To Presidency...'

"Because the man has told us what he wants to do and everyone is still walking around, especially Democrats, with their heads someplace other than in this game."

America's Cash Bubble Set to Burst on May 1, 2024 - Ad

For the first time I've ever heard of... we know the exact day (and time) a bubble is going to burst. This is insane and something we only have access to because of Jason's findings (that he's sharing with his ultra-elite clients). To find out what the cash bubble is and why you're vulnerable to it without even realizing...

Why Is UPS Stock Shooting Higher Today?

United Parcel Service forecasts robust FY26 revenue of $108 billion - $114 billion, with adjusted operating margin expected above 13%. With anticipated free cash flow of $17 billion - $18 billion. UPS will host its investor and analyst conference today at its Worldport air hub in Louisville.

Fees for funds keep dropping, and investors pocket the rewards

NEW YORK (AP) — In a virtuous cycle that's only helped investors, fees keep dropping for mutual funds and exchange-traded funds.

Bezos and Gates Invest in Search for Tech's Best-Kept Secret - Ad

Billionaires who've made their fortunes in tech, are quietly investing in essential yet rare elements known as "The Seeds of Technology". Learn more about this massive rare earth treasure hunt and the very elements making emerging technologies possible.

Shiba Inu Burn Intensifies, Millions Of Tokens Destroyed: 'If Someone Can Pull Miracle Recovery It's SHIB'

Meme coin Shiba Inu (CRYPTO: SHIB), the world's second-biggest meme cryptocurrency, has seen a significant surge in SHIB tokens permanently removed from circulation,

The Gold Rush Is Back As It Nears ALL Time High - Ad

Gold stocks, including mining companies, ETFs, and royalty firms, offer investors varied exposure to the yellow metal's further potential after hitting a record high in 2023. With a growing portfolio and an experienced management, this natural resource company may be one of the most strategic entrances into the Bullion Boom.

Robert F. Kennedy Jr., Environmental Lawyer, Receives Oil Company Profits

A financial disclosure shows that a family trust owned by Robert F. Kennedy makes money from the same oil and gas companies the presidential candidate opposes.

Kicking Yourself for Missing Out on Bitcoin? - Ad

Don't worry. One expert is saying another coin has 20X the potential of bitcoin. And with cryptos heating up, it could be the perfect time to get in.

Top 3 Financial Stocks That May Explode This Quarter

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

The No. 1 AI Stock of 2024 (Not Nvidia) - Ad

It's not Nvidia, Meta Platforms, Alphabet, or Amazon. But thanks to a recent major deal, an under-the-radar stock could become the No. 1 winner of the AI boom. "This company just teamed up with one of the biggest power players in the AI industry... yet you can still buy it for just one-twelfth the price of Nvidia -- the time to buy is NOW," says Marc Chaikin.

Ken Buck, A Thorn In The Side Of GOP Leadership, Deals Final Blow Before Leaving Congress

Rep. Ken Buck (R-Colo.) signed a Democratic discharge petition for foreign aid, marking a significant shift in the Republican stance on the issue.

US economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate

WASHINGTON (AP) — The U.S. economy grew at a solid 3.4% annual pace from October through December, the government said Thursday in an upgrade from its previous estimate.

Radical Change Inside American Banks - Ad

We could see some seismic changes in the banking system, changing the way you access your social security income, pay your taxes and spend your paycheck. That's why it's so crucial you understand these changes, and how they'll inevitably impact you, as soon as possible.

Jim Cramer Sees Opportunity In Palo Alto Networks After Stock Is 'Overly Punished' In 2024

Jim Cramer noted that Palo Alto Networks had been "overly punished" this year and that he is considering buying more shares of the company.

Israeli Cannabis Leader Announces Suspension Of Medical Facility, Plans To Move Into Femtech

Cannasoft Enterprises (NASDAQ: BCAN) announced on Tuesday the halt of their medical cannabis growing facility's construction to pivot towards the Femtech sector.

The World's First "$20 Trillion Drug?" - Ad

One small biotech holds the key to a revolution in treating Alzheimer's disease. Jeff Bezos, Goldman Sachs & Big Pharma giants have invested billions into this unknown biotech. Our research proves that anyone who gets in today could see gains as high as 113,000%!

Visa, Mastercard settle long-running antitrust suit over swipe fees with merchants

NEW YORK (AP) — Visa and MasterCard announced a settlement with U.S. merchants related to swipe fees that could potentially save American shoppers tens of billions of dollars.

"Titan of Tech" Bets Big on Tiny AI Company - Ad

He's made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal... But our research shows his latest investment could be his most successful venture yet. See how you can invest alongside him (with a starting stake of just $25). But you'll want to do it between now and May 5th.

Binance executive detained in Nigeria amid a crypto crackdown has escaped custody

KADUNA, Nigeria (AP) — An executive of cryptocurrency exchange Binance has escaped custody in Nigeria, where a criminal investigation has been launched against the platform accused of being used for money laundering, authorities said Monday.

A Delta flight was cut short after a panel behind one of the engines fell off during takeoff

A flight over the weekend was cut short and the plane returned to Salt Lake City after a panel behind one of the two engines fell off during takeoff.

The Next Big Leap in AI: "IMPERIUM" - Ad

Bill Gates, Jeff Bezos, and Mark Zuckerberg are pouring millions into it. (Gates even tweeted it's "one of the most powerful technologies of the 21st century!") And you can invest in this new technology, which we call Imperium, right alongside them ... starting with just $10.

Vietnamese automaker VinFast to start selling EVs in Thailand

BANGKOK (AP) — Vietnamese automaker VinFast announced Tuesday that it plans to sell its electric vehicles in Thailand and said it had tied up with auto dealers to open showrooms in the country.

Put $20 in This Coin Before April 19, 2024 - Ad

The entire crypto market is going to experience a lucrative event on April 19th, 2024. And one coin is set to soar 20X bigger than Bitcoin.

This Analyst Raised Robinhood's Forecast By 46% - Here's Why

Keybanc analyst maintained Robinhood with Overweight rating, raised price target from $15 to $22. Revised estimates for fiscal 2024 and 2025.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright activatrade.ca
Privacy Policy | Terms of Service