Quick Read – Cathie Wood deployed $27 million into SpaceX across four ARK ETFs, lifting it to their fourth-largest combined position at roughly 4.5% of assets. – SpaceX has dropped 34% from its $225 post-IPO peak, with investors flagging ongoing losses, rising debt, looming…
ckup expirations, and future dilution as headwinds. – Retail investors willing to wait may secure a better entry price once post-IPO selling pressure clears and fundamentals better justify SpaceX’s current valuation. – SpaceX’s (NASDAQ:SPCX) blockbuster public debut generated exactly the kind of excitement investors expected from Elon Musk’s latest venture. After pricing its IPO at $135 per share and opening at $150, the stock briefly climbed to $225 as demand overwhelmed supply
That early enthusiasm has cooled. The premier space stock closed yesterday at $148.30, below its first-day opening price and 34% beneath its post-IPO high. The pullback has split investors into two camps: those who see a rare buying opportunity and those who believe the valuation is finally catching up with reality.
One of Wall Street’s most recognizable growth investors has already made her choice. Cathie Wood Is Doubling Down According to ARK Invest’s daily trading disclosures and fund holdings, Cathie Wood purchased roughly $27 million worth of SpaceX shares across four different ARK ETFs. The move immediately elevated SpaceX into the fourth-largest combined position across those funds, representing approximately 4.5% of the portfolios’ total value.