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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood Buys Another $137K In This Supplier Of Elon Musk-Led SpaceX

Cathie Wood Elon Musk SpaceX Velo3D NYSE ARK Ark Investment Management

Cathie Wood-led Ark Investment Management on Tuesday bought 24,400 shares — estimated to be worth about $137,616 based on the latest closing price — in Velo3D Inc (NYSE:VLD), the 3D company that went public last year via a merger with special purpose acquisition company Jaws Spitfire Acquisition Corp.

Shares of Velo3D closed 3.87% higher at $5.6 on Tuesday. The stock is down 28% year-to-date. Ark bought the shares in the 3D printer supplier for SpaceX — the space exploration company led by Tesla Inc (NASDAQ:TSLA) CEO Elon Musk — via the Ark Space Exploration & Innovation ETF (BATS:ARKX). 

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