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1 week ago

Cathie Wood says battered SpaceX could become 'most important company in global history'

ARK Invest CEO Cathie Wood is defending her fund's stake in SpaceX, declaring the aerospace and satellite network pioneer could become the "most important company in global history" despite the stock's recent slide and an upcoming $116 billion share unlock.During an interview on "Mornings with Maria" Wednesday, Wood explained why she remains bullish on SpaceX after funds managed by ARK Invest allocated $80 million to the position following its public debut."[Down] from its peak, it is," Wood said, "but of course not from the IPO price. We think this could become the most important company in h...