Cathie Wood, CEO of Ark Invest, has endorsed SpaceX as potentially 'the most important company in history.' The call comes as SpaceX shares trade 48% below their peak and 13% under the IPO price.
Why Wood is betting big
Wood cited three areas where she sees historic opportunity: Starlink, space exploration, and orbital data centers. Starlink already has hundreds of thousands of subscribers. Space exploration includes NASA contracts and the Starship program. Orbital data centers are a newer concept — placing computing infrastructure in orbit to cut latency and energy costs.
Ark Invest doubled down on SpaceX despite the stock's decline. The firm increased its position, signaling that it views the current valuation as a discount.
What the share price tells us
SpaceX shares are not publicly traded; they change hands in private secondary markets. The 48% drop from the peak and the 13% discount to the IPO price suggest some early investors are taking profits or that the broader market is pricing in more risk. But Wood sees the dip as a buying opportunity.
Ark's conviction is notable because the firm is known for high-conviction bets on disruptive technology. Wood has previously made bold calls on Tesla, Coinbase, and other names.
The Starlink factor
Starlink is already generating revenue and has a growing subscriber base. Wood believes the satellite network could eventually become SpaceX's most valuable business line. Orbital data centers, while still speculative, could open a new frontier for cloud computing.
SpaceX itself has not commented on Wood's assessment. The company remains private and does not typically respond to analyst endorsements.
Ark's doubling down is a signal to the market that the firm sees the current price as a discount. Whether other investors follow is an open question — but Wood's track record means her words carry weight.
The next milestone for SpaceX is likely the next Starship test flight, which could further validate its heavy-lift capabilities and influence investor sentiment.
