Cathie Wood’s ARK Invest is inviting retail investors to bet on Tesla CEO Elon Musk’s private startups and possibly profit from his newfound closeness to President-elect Donald Trump in the process.
Through its ARK Venture Fund, the firm is giving retail investors the chance to invest in companies that aren’t listed on public markets, it wrote in an email to subscribers, Business Insider reported. Among the companies it touted as part of its holdings were Musk startups such as space tech company SpaceX, social media company X, and xAI, the startup behind the chatbot Grok.
