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Space investors need more than Richard Branson's trip to boost ETFs

It's likely to be a busy year for space developments, as Amazon.com founder Jeff Bezos prepares for a space trip next week in a Blue Origin rocket

Space investors need more than Richard Branson's trip to boost ETFs
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Despite the news storm around Branson’s test flight into space, which successfully took off this weekend, the $6.5 trillion industry’s products are more of a mixed picture.

Bloomberg | Claire Ballentine & Kamaron Leach
The run-up to Richard Branson’s voyage to the edge of space may have super-cha­rged shares of Virgin Galactic Holdings but funds following the sector are clearly looking elsewhere for inspiration. Exchange-traded funds tracking the space industry have faced net outflows for the past two months in a row, according to the data compiled by Bloomberg. Even Cathie Wood’s highly anticipated ARK Space Exploration & Innovation ETF (ARKX)  has been met with tepid interest after an initial burst of activity after its debut.
 
Despite the news storm around Branson’s test flight into space, which successfully took off this weekend, the $6.5