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Barchart
Barchart
Sushree Mohanty

Cathie Wood Just Sold $9.4M of SpaceX. Here’s Why Now May Not Be the Time to Buy

SpaceX Cathie Wood SPCX Artificial Intelligence Satellites Starlink Tesla Inc. ARK Starship

SpaceX (SPCX) is doing more than launching rockets. It is building a satellite internet empire, expanding into wireless communications, and investing heavily in artificial intelligence (AI). But even with those ambitions, profitability remains a concern. SPCX stock has erased its IPO gains, down 6% since it started trading in June. Cathie Wood’s latest $9.4 million sale of SpaceX stock adds another reason for investors to pause before rushing in.

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