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Benzinga
Benzinga
Business
Shivdeep Dhaliwal

SpaceX Stock Slides but Cathie Wood Keeps Buying — Tesla Gets an Ark Boost Too

ARK Cathie Wood SpaceX CAT HOOD Robinhood Ark Invest ARKK ARKQ Robinhood Markets
Ark Invest Cathie Wood

On Monday, Cathie Wood-led Ark Invest added to two of its highest-profile names, SpaceX-linked exposure and Tesla Inc (NASDAQ:TSLA), while trimming several other positions, including Robinhood Markets Inc (NASDAQ:HOOD). Among the biggest moves of the day was Ark’s renewed buying of Space Exploration Technologies Corp. (NASDAQ:SPCX), even as the company’s stock remained under pressure.

The SpaceX Trade

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