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Barchart
Sristi Suman Jayaswal

The Battle of the Musks: Why Cathie Wood Sold Tesla Stock to Buy SpaceX

SpaceX Cathie Wood Tesla Inc. Elon Musk SPACE Google Tim Farrar IPO Starlink SPCX

Cathie Wood has spent years making one of the biggest bets on Elon Musk through Tesla (TSLA). So, when she recently sold a sizable chunk of Tesla stock, investors immediately took notice. The surprise was not that she was moving money around her portfolio. It was where that money went.

Instead of doubling down on Tesla, Wood turned her attention to another Musk-led company that has suddenly become Wall Street’s newest obsession: SpaceX (SPCX).

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