SpaceX Stock Slide and ARK’s Bet | Raleigh News

Raleigh News Today | 2 Min News | The Daily News Now! · Jul 22, 2026 · 2m

SpaceX stock is sliding below its IPO price as investor nerves tighten over Starship delays and a high valuation, but Cathie Wood’s ARK Invest sees it as a buying opportunity, scooping up millions in shares across four funds. Their bet? SpaceX’s “cost-and-scale flywheel” — if Starship slashes launch costs, it unlocks massive satellite networks and orbital infrastructure no one else can match. Starlink’s revenue is already booming, and orbital data centers are the next big play. But setbacks like the recent aborted test flight and looming post-IPO share sales add pressure. With earnings coming…