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."
Cathie Wood owns over 4 million shares of SpaceX stock. She has been buying as recently as monday.
Today SpaceX closed at $115.26 from a high of $225.64 on June 16.
It has been falling the last 5 weeks....
I sold my 149 shares at $116.00 at a loss from $135
Article excerpts:
With Q1 AI spending hitting $7.7 billion and projected long-term cash requirements reaching $120 billion, investors are questioning the sustainability of this strategy. Significant risks loom, including the August 4 debut earnings report and the massive August 6 lock-up expiration involving 911.5 million shares. Consequently, short interest has surged to 32% of the float, reflecting market skepticism regarding the company’s valuation and the ability of Starlink’s profits to subsidize aggressive AI expansion.
The company’s Q1 AI-related capital expenditures have surged to $7.7 billion, approximately three times that of the same period last year. Morgan Stanley analysts predict that xAI will consume a combined total of up to $120 billion in cash between 2026 and 2027—a figure that is nearly 1.6 times SpaceX’s IPO proceeds of $75 billion.
Up to 911.5 million restricted shares will become eligible for sale for the first time, representing a market value of up to $116 billion. These shares come from early investors and private market buyers, a significant portion of whom may seek to cash out on substantial returns.
According to data from S3 Partners, currently about 206 million shares are shorted, representing 32% of the float, with a nominal short position of about $25 billion—whereas just a month ago, this figure was only about 40 million shares, representing 5% to 7%.
https://www.tradingkey.com/analysis/stocks/us-stocks/262047951-spacex-spcx-xai-texas-data-center-expansion-capex-spacex-stock-pressure-earnings-lockup-tradingkey
I’m talking about wartime value. Not stock price.
Satellite ISR is critical. The difference between win and lose.
Start destroying each other’s satellites, and launch capability will win the war
But they're not there yet.
And therefore, instead of investing in SpaceX, invest in the companies that supply SpaceX; invest in companies that supply robotics, invest in companies that supply AI, datacenters, materials, communications. Whether or not SpaceX succeeds in the short term, it will need all of these commodities regardless of its short or medium term successes or failures.
-PJ
I bought 1 share at 163 and sold it at 208. I made 45 bucks!
You should advise Elon Musk : )
Trillionaire No More. SpaceX Collapse Loses Elon Musk $600 Billion in One Month
https://finance.yahoo.com/markets/stocks/articles/trillionaire-no-more-spacex-collapse-160354848.html
Elon still comfortably remains the wealthiest person on Earth, tracking roughly $500 billion ahead of runner-up tech founders like Google’s Larry Page.
Give it a few more weeks.... : )
“Cathie Wood owns over 4 million shares of SpaceX stock. She has been buying as recently as monday.”
That is called “talking your book”.
Never trust anyone who talks their book.
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