Tesla

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ARK Space Exploration & Innovation ETF

Ark Innovation ETF

<p>Cathie Wood's Space Exploration ETF (ARKX) has established a position in Tesla with 35,766 shares, accounting for 1.99% of total assets. This move may be aimed at positioning ahead of the anticipated restructuring of the "Musk Empire" following the merger of SpaceX and xAI. Currently, Tesla is already the top holding in several funds, including ARKK</p>

- Cathie Wood's Ark Space & Defense Innovation ETF (ARKX) recently acquired 35,766 shares of Tesla, marking its first holding in the company and stirring speculation about potential restructuring within Elon Musk's business empire.  
- The purchase, amounting to 1.99% of ARKX's total assets, coincides with increasing discussions about a merger between SpaceX and xAI, heightening investor interest in the integration of Musk's various ventures.  
- Analysts note that this move reflects Ark Invest's strategic positioning, either in anticipation of a shareholder vote on the merger or due to Tesla's advancements in robotics aligning with the ETF's focus.

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Betting on the merger of Tesla and SpaceX? "Cathie Wood" under her space ETF has made its first purchase of Tesla

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