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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood Adds $1.1M Stake In This 3D Printing Partner Of Elon Musk's SpaceX

Cathie Wood Elon Musk SpaceX Velo3D ARK Nasdaq NYSE Tesla Inc.

Cathie Wood’s Ark Investment Management on Tuesday further raised its exposure in Velo3D Inc (NYSE:VLD), a 3D-printing technology firm that counts Tesla Inc (NASDAQ: TSLA) CEO Elon Musk's SpaceX among its key customers.  

The popular money manager bought 419,575 Velo3D shares — estimated to be worth about $1.12 million based on their last closing price — on the dip through two of its actively traded exchange funds.   

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