Cathie Wood Shifts Investment from Tesla to SpaceX

Cathie Wood's ARK Invest sold a portion of its Tesla holdings and used the proceeds to purchase shares in newly public SpaceX. The move comes after SpaceX raised $75 billion in one of history’s largest IPOs, with shares surging on their debut.

By Sristi Suman Jayaswal Tue, June 16, 2026 at 9:57 PM GMT+3 9 min read · Yahoo Finance · June 16, 2026, 18:57 UTC

Cathie Wood Shifts Investment from Tesla to SpaceX

Tickers: $SPCX $TSLA

Topics: ARK Invest Cathie Wood SpaceX (SPCX) stock trading Tesla (TSLA)

Read the full article at Yahoo Finance

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