SpaceX (SPCX) has quickly gone from Wall Street's hottest IPO to one of its biggest debates. After soaring more than 67% above its $135 IPO price shortly after listing in June, the stock has pulled back sharply and recently slipped below that offering price for the first time.
There, Cathie Wood saw an opportunity and rushed in to buy the dip. ARK Invest founder bought another $16.7 million worth of SPCX shares as the stock traded below its IPO price, adding to more than $50 million of purchases earlier this month.
