---
title: "Cathie Wood is optimistic about the demand for SpaceX and Tesla's autonomous taxi services"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285732999.md"
description: "ARK Invest founder Cathie Wood is optimistic about SpaceX and Tesla, believing that the demand for private space assets and autonomous driving technology is strong. She pointed out that investors are highly interested in SpaceX's upcoming IPO, which is expected to be valued at $75 billion, but demand may exceed the available shares. Wood also emphasized that Tesla's vertically integrated structure in the autonomous taxi industry gives it a competitive advantage, expecting the cost of rides to drop to about 25 cents per mile, lower than current ride-hailing prices"
datetime: "2026-05-08T13:20:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285732999.md)
  - [en](https://longbridge.com/en/news/285732999.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285732999.md)
---

# Cathie Wood is optimistic about the demand for SpaceX and Tesla's autonomous taxi services

ARK Invest founder Cathie Wood expressed a bullish view on SpaceX and Tesla, highlighting strong investor demand for private space assets and growing confidence in autonomous driving technology.

In an interview with Bloomberg, Wood stated that investor appetite for the anticipated IPO of SpaceX is "very strong," noting that despite reports suggesting the IPO could be valued at $75 billion, demand may still exceed the available shares.

Wood mentioned that SpaceX is currently the largest holding in ARK's risk fund and pointed out that future businesses, such as orbital data centers, could significantly expand the company's long-term revenue opportunities.

Regarding Tesla, Wood believes that the company's vertically integrated structure gives it a significant advantage in the emerging autonomous taxi industry. She stated that ARK expects the cost of autonomous ride-hailing to eventually drop to around 25 cents per mile, far below current ride-hailing prices.

Wood also noted that Tesla can maintain lower operating costs than competitors like Waymo because it controls more of its manufacturing and supply chain operations in-house.

Investors continue to closely monitor the rollout of Tesla's autonomous driving and the potential timeline for SpaceX's IPO, both of which are seen as major catalysts for ARK's long-term investment strategy

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