SpaceX Stock Down 45% From Peak; Cathie Wood Buys $51M Dip
SpaceX shares have cratered 45% from post-IPO highs. Cathie Wood just backed up the truck with a $51M purchase.
SpaceX stock has been brutal to hold lately. Shares have dropped 45% from the peak they hit after the company's IPO, and that kind of drawdown separates the true believers from the paper hands.
Cathie Wood just made her position crystal clear. The ARK Invest founder recently snapped up $51 million worth of SpaceX exposure, a move that signals she sees this selloff as a buying opportunity rather than a warning sign. Wood has never been shy about loading up when her high-conviction names bleed out.
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The trade is straightforward if you buy the thesis: SpaceX is still the dominant force in commercial launch, Starlink is printing subscribers, and the long-term addressable market for both is enormous. A 45% haircut on a company with that kind of moat is either a gift or a trap, depending on your time horizon.
The risk is real though. SpaceX isn't a typical public company, and accessing it through vehicles like the SPCX fund means you're paying fees and dealing with indirect exposure. Liquidity and valuation transparency are legitimate concerns when the underlying asset isn't trading on a major exchange.
Whether Wood's $51M bet looks genius or reckless will depend entirely on execution — satellite deployment, launch cadence, and whether Starlink revenue scales the way bulls expect. Watch those operational milestones closely. Continue reading at Yahoo Finance.
