Why Cathie Wood is piling into SpaceX stock after its brutal post-earnings drop
ARK Invest's Cathie Wood bought 114,815 SpaceX shares through the ARK Innovation ETF on August 7, worth about $13.2 million, buying into weakness after SpaceX's post-earnings drop as a major technical overhang began to ease.
Why it matters — SPCX watchers would care because a prominent investor's buying during the post-earnings decline signals notable fund-level interest in the stock as its technical pressure eases.