Cathie Wood, CEO of ARK Invest, bought approximately $7 million of SpaceX stock, according to a recent trade disclosure. The purchase comes shortly after she unloaded shares of Alibaba, signaling a shift in portfolio allocation toward private space ventures.
The move aligns with Wood's broader bet on disruptive innovation, targeting space technology as a high-growth sector. SpaceX, the private rocket company led by Elon Musk, remains a core holding in ARK's thematic funds, though it is not publicly traded.
ARK has steadily increased its exposure to SpaceX in recent quarters, valuing the company at around $180 billion in its internal models. The $7 million buy follows a pattern of periodic additions as the firm seeks to capitalize on the space economy's expansion.
This purchase suggests confidence in SpaceX's long-term trajectory, including its Starlink satellite network and Starship development program. Investors tracking Wood's trades may view the allocation as a signal of where she sees the most asymmetric upside.
Critics note that private market valuations can be opaque and illiquid, making it harder for retail investors to replicate such moves or exit positions quickly.