Cathie Wood buys SpaceX dip after stock sinks to post-IPO low

Cathie Wood buys SpaceX dip after stock sinks to post-IPO low

Cathie Wood’s ARK Invest has bought $18.3 million of SpaceX shares after the stock fell 5.43% to a new post-IPO low, according to the firm’s July 17 trading report. According to ARK’s daily disclosure, four of its actively managed exchange-traded…

Cathie Wood Buys $18.3M in SpaceX Stock as Shares Hit Record Low

Cathie Woods ARK Invest significantly increased its position in Space Exploration Technologies Corp. (NASDAQ: SPCX) on Friday, purchasing approximately $18.3 million worth of shares after the aerospace companys stock fell to a new post-IPO low. At the same time, the investment firm trimmed its exposure to Robinhood Markets, signaling a portfolio reshuffle amid heightened market volatility. According to ARK Invests daily trading report, the firm …