Cathie Wood Buys $20M in SpaceX Stock as Post-IPO Selloff Deepens

Cathie Woods ARK Invest continued to buy SpaceX shares, investing more than $20 million as the aerospace companys stock remained under heavy pressure following its recent IPO. The latest purchases highlight Woods long-term conviction and suggest a classic buy the dip strategy despite the stocks sharp decline. According to ARK Invests daily trading disclosure, the firms flagship ARK Innovation ETF (ARKK) acquired 97,664 SpaceX shares, valued at approximately $11.7 million based on Mondays closing price of $119.85. The ARK Autonomous Technology Robotics ETF (ARKQ) added 31,807 shares worth…  Read more

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