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Cathie Wood Says SpaceX Could Become ‘the Most Important Company in History’ Despite 48% Stock Slide

Ark Invest CEO Cathie Wood delivered a sweeping endorsement of SpaceX as shares traded 48% below their peak and 13% under the IPO price, citing Starlink, space exploration and orbital data centers as historic opportunities. Ark Looks Beyond SpaceX’s Stock Slide Ark Invest CEO Cathie Wood doubled down on SpaceX despite the stock’s punishing retreat, […]

Bitcoin.com NewsBitcoin.com NewsKevin Helms22 Jul

SpaceX Slide and Kimi K3 Launch Fuel Fears of AI Stock Bubble

SpaceX’s 47% retreat from its post-IPO high and Moonshot AI’s low-cost Kimi K3 model are challenging premium AI valuations, although resilient semiconductor shares and evidence of AI adoption complicate claims that the broader trade has collapsed. SpaceX Decline Tests Confidence in Premium AI Valuations Uncertainty surrounding AI-linked equities has intensified as investors weigh a temporary […]

Bitcoin.com NewsBitcoin.com NewsKevin Helms21 Jul

ARK Buys the Dip on Musk’s SpaceX for $20.5 Million While Cathie Wood Trims Robinhood Stake

Cathie Wood’s ARK Invest bought 170,634 shares of SpaceX (Nasdaq: SPCX) worth $20.5 million on July 20 as the stock traded near $119.85, even as the company’s shares remain well below their initial public offering (IPO) price. The same day, ARK sold 41,322 shares of Robinhood (Nasdaq: HOOD) worth $4.1 million. A Familiar Pattern of […]

Bitcoin.com NewsBitcoin.com NewsShiraz Jagati21 Jul