Cathie Wood's ARK Invest is redefining what qualifies as a ‘defense stock,’ arguing that the real modernization opportunity lies in space infrastructure, semiconductors, drones, and AI platforms, rather than traditional defense primes.

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From Tanks To Tech Stack

In a new note titled "The Future of Defense Is In Space," ARK contends that the modern defense stack is turning into a technology stack built around data, connectivity and autonomy instead of capex-heavy platforms like tanks, ships and fighter jets. 

Key building blocks, the firm says, now include launch vehicles and satellites, secure communications, autonomous systems and drones, cybersecurity and data analytics, AI-enabled targeting and logistics, and space infrastructure such as orbital data centers.​

Space As Backbone

ARK argues that space is becoming the backbone of security, enabling orbital surveillance, secure communications, resilient navigation ...