Cathie Wood Is Ignoring the Panic and Buying the Dip in SpaceX Stock

Ark Invest, led by Cathie Wood, continued buying SpaceX shares despite a recent selloff, signaling strong conviction in the company’s long-term space-and-AI growth story. The article says SpaceX fell below its IPO price and closed at $139.14 on July 13, while Ark bought shares across ARKK, ARKQ, ARKX, and ARKW for a combined value of nearly $21.3 million. The piece highlights investor debate after Elon Musk said SpaceX would start flying orbital data centers next year, even as short seller Jim Chanos questioned the plan. It also reviews SpaceX’s Q1 FY2026 figures: $4.7 billion revenue, $1.27 adjusted net loss per share, and heavy losses in the Space and AI segments, offset by strong Starlink/Connectivity performance. Despite near-term pressure, analysts remain broadly bullish, with an average price target implying 64.4% upside.