Posted on 07/22/2026 11:32:13 AM PDT by Miami Rebel
ARK Invest CEO Cathie Wood is defending her fund's stake in SpaceX, declaring the aerospace and satellite network pioneer could become the "most important company in global history" despite the stock's recent slide and an upcoming $116 billion share unlock.
During an interview on "Mornings with Maria" Wednesday, Wood explained why she remains bullish on SpaceX after funds managed by ARK Invest allocated $80 million to the position following its public debut.
"[Down] from its peak, it is," Wood said, "but of course not from the IPO price. We think this could become the most important company in history, and I mean in global history."
"We're talking about not only really exploring a new world — the universe — in terms of its launch capabilities and helping others to do so as well, but also a global communications network. Really, think telecom, that's been a very local business. In fact, the way to break into countries historically was to buy the [telecommunications companies], no longer."
Just before Wednesday's opening bell, SpaceX stock was trading around $123.50 per share. According to Barron's, the stock is down about 47% from its high of about $225, and has shed nearly $1.4 trillion in market value. This puts SpaceX in eighth place by market capitalization, behind Meta for the first time since its debut.
Wood previously said in a May interview with Bloomberg that she imagines SpaceX will be "volatile," but applauded founder Elon Musk's "incredible" ability to vertically integrate all of his companies, including Tesla, xAI and Neuralink.
Musk warned investors against trying to short-sell the stock last week in a post on X, saying, "The survival probability of firms that maintain a significant short position in SpaceX over time is very low."
that was then, this is now:
NASA has NO budget for DEI, so i doubt their overall budget looks much like their 2023-2024 budget either ...
No that is normal for most IPO’s. They get run up and then drop down in price.
OK.
What does that data mean for SpaceX?
Its only moneymaker is Starlink. The space division is in the red.
$200 billion is a joke. Check back in a year and it will be much more than that.
That could be true, or not. Only time will tell. And that reveals a contradiction in her thinking and actions.
If she believes this, Wood should say if she intends to hold SpaceX for 15-20 years to find out, through "think and thin."
On the other hand, on Wall Street, where success and her reputation is measured by quarter, her incentive and motivation will be VERY different from her statements.
I’m in for the long haul (I hope that is pretty quick though.) LOL
Its current market cap is $1.5 trillion. There’s a lot of room to the downside before we discover fair value.
Also, be aware that in the coming months, insiders will be dumping an avalanche of restricted shares.
“SpaceX was 165 out of 181”
Over 20 years that might be 3,300 launches.
Space X gets to reuse its hardware, other providers don’t.
The fuel burns would be roughly equal per payload.
So 3,300 launch hardware sets at $30 million each might be $99 billion.
That value assumes China isn’t able to develop reuseable launch vehicles. If China can, the Space X added value would be less than $99 billion.
Morningstar rated Wood’s ARK Innovation ETF (ARKK) the third worst wealth destroyer over the period 2014-2023.
More recent performance:
YTD +1.01 vs. Tech category funds +13.51%
1 Year +1.15 vs. +54.99
3 Year +17.47 vs. +27.86
It’s still losing money with every launch.
“$200 billion is a joke. Check back in a year and it will be much more than that.”
It’s quite likely to be, but I look for value justification before I buy shares.
Free free to justify a higher value.
Starlink is interesting, especially since I WFH. I saw prices starting @ $55/month? Thanks for that update.
“It’s still losing money with every launch.”
I see it making money with launches.
It has proven technology and marginal costs of fuel, flight prep and flight control.
Those aren’t net of expenses.
The Space segment lost $657mm last year.
Depends on your needs.
If your traffic is mainly web (tiny upstream requests, large downstream data) it is likely suitable.
In my case I need higher upload than download speed at my sites (uploading video recordings), and we tested Starlink and found it unsuitable to our purposes.
Appreciate that info.
Rural service areas are rapidly becoming direct fiber to the home areas. Out of five rural electric coops surrounding ours only one of them does not already have a fiber system to the customers. Shut your mouth when we have another bad ice storm.
The various rural electric cooperatives are not limited to providing electricity. Their charter provides for just about anything that improves rural life including internet at very low interest rate financing. We have had it system wide now for about 3 years. A hub and spoke broad band provision is also easy since just about all substations now have fiber monitoring them and guess what? The distribution of the sub-stations is just about right for the signal distribution of broadband.
Thank you for that. Cash flow is always a good thing.
Mine is $130 a month for unlimited 100 to 200 and sometimes even 400MBPS. It more than meets my needs at home and the cost was the same as Viasat which when they went so called unlimited with a 800GB over 30 days choke clause they used to reduce service if you got anywhere near about 350 a month. So for $130 I have all I need including TV streaming. The main thing to check is your location and if any obstructions are near by. Doing that is a must.
My area will never see Fiber Optic. Lots and lots of trees that fall on powerlines. My utility has no interest whatsoever in providing internet. I’ve even asked county commissioners. XFinity calls all the shots even if they won’t provide service they make certain no one else does either.
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