Cathie Wood Loads Up on SpaceX Stock. She Is Betting Big That Musk’s AI Vision Will Pay Off.

Cathie Wood has never been shy about backing Elon Musk’s boldest ideas. The ARK Invest founder has long viewed Tesla (TSLA) as one of the most important companies in the world, not simply because of its electric vehicles, but because of its broader exposure to autonomous driving, robotics, artificial intelligence (AI), and energy storage. Now, Wood is making an even bigger statement about Musk’s empire by loading up on SpaceX (SPCX) stock.

SpaceX has already become one of the most closely watched public companies in the market. Its shares surged following their debut, placing it among the world’s most valuable public companies. For Wood, the opportunity appears to go far beyond rockets and satellite launches. In ARK’s view, SpaceX is not just a space transportation company, but a vertically integrated platform spanning Starlink, defense, orbital infrastructure, and, increasingly, AI. And that AI angle is now central to the investment case.