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Fortune
Fortune
Marco Quiroz-Gutierrez

Cathie Wood just bought the SpaceX dip again—and dumped Alibaba to do it

(Credit: Jose Sarmento Matos—Bloomberg via Getty Images)

Investor Cathie Wood is betting millions SpaceX’s stock, like its rockets, is headed for the moon.

The CEO and chief investment officer of ARK Invest recently put about $7 million into Elon Musk’s rocket company, buying the dip less than a month after its historic IPO—one that briefly made Musk the world’s first trillionaire.

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