Yes, there is a formula for this. You can use the LEFT and FIND functions in Excel to extract the first word from a cell and move it to a new cell. Here are the steps:

1. Insert a new column next to the column that contains the data you want to extract the first word from.
2. In the first cell of the new column, enter the following formula:
   Formula:

   =LEFT(A1,FIND(" ",A1)-1) 

   (Note: replace "A1" with the cell reference of the first cell in the original column)
3. Press Enter to apply the formula to the first cell.
4. Copy the formula down to the rest of the cells in the new column.
5. The first word from each cell in the original column should now be extracted and displayed in the new column.

This formula works by using the FIND function to locate the first space in the cell, and then using the LEFT function to extract all the characters to the left of that space. The "-1" at the end of the formula is to exclude the space itself from the extracted text.