Cathie Wood Adds $18 Million Worth Of SpaceX, These Defense Names Cathie Wood's ARK Invest has made headlines in recent months for its aggressive investments in electric vehicle maker Tesla and other cutting edge tech companies.
However, her latest move – pouring $18 million into SpaceX as the Elon Musk led rocket company struggles with a stalled test program – suggests that Wood may be taking a longer view than many investors.
The timing of Wood's investment is particularly noteworthy, given that SpaceX's Starship development has hit a series of snags in recent weeks.