BUSINESSJul 8 · 18:01 UTCFORTUNEMarco Quiroz-Gutierrez

Cathie Wood just bought the SpaceX dip again—and dumped Alibaba to do it

Cathie Wood and ARK Invest added $7 million to SpaceX stock, marking the third time they've bought the dip since its IPO, while selling Alibaba shares to free up cash. ARK believes SpaceX could reach a $3.1 trillion enterprise value by 2030, driven by AI, data centers, and aerospace.

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Cathie WoodpersonArk InvestorganizationSpaceXorganizationAlibabaorganizationElon MuskpersonInnovation ETForganization

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