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Cathie Wood Bets Big on SpaceX | Durham News
Cathie Wood just dumped $36 million into SpaceX stock right after its IPO — a classic move for the Ark Invest boss who loves buying growth stocks on dips. SpaceX’s explosive debut pushed Elon Musk’s net worth past a trillion, even as Starlink remains its only profitable venture. Analysts are buzzing about massive upside, with some predicting a $900 stock price if Starship succeeds. Wood’s high-volatility style has delivered wild swings — her ETF soared in 2020 but crashed 60% in 2022, posting negative returns over five years while the S&P 500 thrived. Still, she’s doubling down, convinced AI…
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