Cathie Wood Buys SpaceX, CoreWeave, Tesla; Trims Shopify
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- ARK loaded up on SpaceX ahead of the company's earnings debut, with the stock already sitting 50% below its post-IPO high according to The Motley Fool's coverage.
- ARK also bought CoreWeave and Tesla in the same trading cycle while trimming its Shopify position, per Seeking Alpha.
Why it matters: ARK's decision to add SpaceX while it's down 50% from its post-IPO peak is a high-profile contrarian bet ahead of the company's first earnings report, with Wood effectively staking her fund's reputation on a turning point for a newly public stock.
