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Major Moves by Cathie Wood on SpaceX IPO
Cathie Wood, founder of Ark Invest, significantly increased her investment in SpaceX on its IPO day, June 12, when the company began trading at $150 per share after raising $75 billion in the largest IPO in history. Wood purchased 1,690,839 shares for the Ark Innovation fund, as well as additional shares across four of her funds, potentially positioning SpaceX among the top holdings.
SpaceX’s valuation surged from $350 billion in 2024 to over $2.1 trillion. Despite current restrictions preventing Wood from selling her shares due to a lockup period, she expressed confidence in the company’s future, reaffirming her belief in its growth potential.
Following its IPO, SpaceX gained nearly 20% in value on the first trading day. As Wood accumulates more shares, her actions suggest she remains bullish about the company’s prospects despite the initial market challenges.
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