Cathie Wood Buys $21 Million of SpaceX Stock After 45% Drop From Record High

TLDR

• Ark Invest bought $21.3 million in SpaceX stock as shares fell 45% from their record high
• Wood named Tesla and SpaceX as her top two AI stock picks on Fox Business on July 22, 2026
• Ark deployed roughly $530 million into SpaceX on its IPO debut day in June 2026
• Wall Street’s median price target for SpaceX is $243.81, about 111% above current price
• Ark bought around 160,000 Tesla shares worth $50 million after a 15% price drop

Cathie Wood, CEO of Ark Invest, is betting heavily on SpaceX and Tesla as her firm’s top AI investments. She made that clear during a Fox Business appearance on July 22, 2026.

SpaceX went public in June 2026. On its debut day alone, Ark deployed around $530 million into the stock. The firm has added more than $80 million in additional shares since then.

Space Exploration Technologies Corp., SPCX

SpaceX shares soared above $200 after the IPO but have since fallen sharply. The stock now trades below its IPO price of $135, sitting around $114.87 as of July 27, 2026. That puts shares about 45% off their record high.

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