Cathie Wood, the founder of Ark Invest, is known for her support of Elon Musk's innovations and ambitions. Wood's biggest holding in the flagship Ark Innovation fund is Tesla, and **** eX (NASDAQ: SPCX) is the top holding in the Ark Venture fund. Musk is the chief executive officer of both companies.
It's not surprising that Wood holds shares of Musk-led companies because her investment strategy involves getting in on innovators early -- before they accomplish major goals. Wood has spoken about the promise of robotaxis as a growth engine for Tesla. As for **** eX, Ark wrote prior to its IPO: "The existing business segments, at their current trajectories, are plenty sufficient to justify a compelling investment case."
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Wood's **** eX holding, through the Ark Venture Fund, took place in the private market, as the company's valuation climbed from $350 billion in 2024 to the current valuation of more than $2.1 trillion. The stock began trading on June 12, after raising $75 billion in the world's biggest IPO on record.
So, now you might wonder: What move did Wood make on IPO day? Let's find out, and consider if you should follow.
It's not surprising that Wood holds shares of Musk-led companies because her investment strategy involves getting in on innovators early -- before they accomplish major goals. Wood has spoken about the promise of robotaxis as a growth engine for Tesla. As for **** eX, Ark wrote prior to its IPO: "The existing business segments, at their current trajectories, are plenty sufficient to justify a compelling investment case."
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Wood's **** eX holding, through the Ark Venture Fund, took place in the private market, as the company's valuation climbed from $350 billion in 2024 to the current valuation of more than $2.1 trillion. The stock began trading on June 12, after raising $75 billion in the world's biggest IPO on record.
So, now you might wonder: What move did Wood make on IPO day? Let's find out, and consider if you should follow.
11 hours ago
