Cathie Wood Just Bet $45 Million on This Beaten-Down Space Stock. Wall Street Sees 70% Upside.

Cathie Wood just made a massive bet on Rocket Lab (RKLB), buying more than 700,000 shares as the space stock continues to reel from a sharp selloff.

Last week, Ark Invest purchased more than 705,000 shares of Rocket Lab, with the transactions worth roughly $45 million. That makes the space company one of Ark’s biggest disclosed additions by value during the period and puts Wood firmly on the bullish side of the debate surrounding RKLB stock.