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Cathie Wood: SpaceX stock falls below IPO price despite Starship success

Cathie Wood: SpaceX stock falls below IPO price despite Starship success
SpaceX drops below IPO price post splashdown

Cathie Wood, fund manager at ARK Invest, commented on the recent drop in SpaceX stock below its IPO price, despite the significant achievement of Starship's successful splashdown.

She suggested that the equity market is still contending with widespread caution, stating that bull markets typically end when investor optimism reaches its peak, not amid persistent concerns.

Wood previously addressed the biotech sector after ATAI was acquired by Lilly for $3.8 billion, marking a major transaction in the space, according to a past commentary. She has also discussed the strong network effects of stablecoins USDT and USDC in crypto, as outlined in an earlier article. These remarks reflect her ongoing focus on major developments across technology and finance.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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