SpaceX Stock: Cathie Wood Bought More SPCX As It Dived 16%

On Monday, Cathie Wood's company ARK Invest acquired over 200,000 shares of Elon Musk's SpaceX as the stock plummeted by 16%. This move came amidst a significant drop in the stock value, prompting Wood to increase her stake in the company by purchasing a substantial number of shares. The post highlighting this development was featured on Investor's Business Daily, emphasizing Wood's confidence in SpaceX's long-term prospects even during periods of volatility in the market.