Cathie Wood Invests $36.1 Million in Newly Public SpaceX Stock
Cathie Wood's Ark Investment Management added over $36 million worth of newly public SpaceX stock as it traded below its IPO price, following her strategy to invest during pullbacks after initial rallies. While the flagship Ark Innovation ETF (ARKK) has underperformed this year compared to the S&P 500, it outpaced broader markets in 2025 and delivered a strong return of 153% in 2020.
Topics: ARKK Cathie Wood ETF performance SpaceX