Cathie Wood Just Bought the Dip in SpaceX Stock. Should You?

Published June 25, 2026 · Category: Finance

Overview

Ark Invest CEO Cathie Wood has once again placed an aggressive bet on a company led by Elon Musk. On June 12, Wood's investment firm bought 3.3 million shares in the Space Exploration Technologies (NASDAQ: SPCX) IPO across several of the firm's exchange-traded funds (ETFs).

Just 10 days later, Ark added another 210,121 shares across the Ark Innovation (NYSEMKT: ARKK), Ark Autonomous Technology & Robotics (NYSEMKT: ARKQ), Ark Next Generation Internet (NYSEMKT: ARKW), and Ark Space & Defense Innovation (NYSEMKT: ARKX) funds as SpaceX stock lost some momentum. These purchases reflect Wood's signature style of doubling down on long-term technological disruption during periods of short-term weakness.

Details

Let's see whether smart investors should follow Wood's lead and buy the dip in SpaceX stock right now.

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Source

Originally published at www.fool.com.

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