Rocket Lab Corp (NASDAQ:RKLB) has rekindled investor attention on the space economy following a solid endorsement from Morgan Stanley, which upped its price target on the stock to $68 from $20, a 240% increase, and compared the company to an “earlier-stage alternative to SpaceX.”
The action has caused ripples in the space-themed ETF ecosystem, where funds such as the Procure Space ETF (NASDAQ:UFO), ARK Space Exploration & Innovation ETF (BATS:ARKX), and SPDR S&P Kensho Final Frontiers ETF (NYSE:ROKT) are riding a tailwind.
