Cathie Wood buys SpaceX dip again, sells Alibaba shares to fund purchase

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โดย Fortune·Read original
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ARK Invest CEO Cathie Wood invested about $7 million into SpaceX, buying the dip less than a month after its historic IPO. This marks the third time ARK has bought SpaceX shares since the IPO, following a roughly $500 million purchase on debut day and an additional $32 million after the first major selloff. To free up cash, Wood sold approximately 570,000 shares of Alibaba, a position ARK reopened last year with a $16.3 million investment after a four-year absence. ARK's flagship Innovation ETF now holds 1.78 million SpaceX shares worth nearly $266 million, making it the fund's seventh-largest holding at 4% of total holdings. SpaceX stock was trading at $149 per share, down 13% over five days and 29% from its highest close of $211, while ARK's research envisions an enterprise value of $3.1 trillion by 2030 driven by AI, data centers, and aerospace.

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