Cathie Wood, head of Ark Invest, strongly supports SpaceX, even though its stock is currently trading significantly lower – 48% below its highest value and 13% below the initial public offering price. She believes opportunities like Starlink, continued space exploration, and building data centers in orbit represent potentially groundbreaking advancements.
Key Takeaways
- Cathie Wood, CEO of Ark Invest, said SpaceX could become “the most important company in history.”
- Shares traded at $116.95, about 48% below their $225.64 peak and 13% below the $135 IPO price.
- Wood sees Starlink and orbital data centers turning SpaceX into a global communications and AI infrastructure powerhouse.
Ark Looks Beyond SpaceX’s Stock Slide
Cathie Wood, head of Ark Invest, reaffirmed her confidence in SpaceX even after its stock price recently dropped significantly. She believes Elon Musk’s company could revolutionize areas like communication, AI, and space travel.
She said in an interview with Fox Business on July 22:
“We think this could become the most important company in history, and I mean in global history.”
We’re not just developing the ability to launch into space and assist others in doing the same, but also building a worldwide communications system,” she said.
Space Exploration Technologies Corp. (Nasdaq: SPCX) traded at $116.95 on July 22, approximately 48.17% below its 52-week high of $225.64 and 13.37% below its $135 IPO price. Investors are also preparing for one of the largest share unlocks in U.S. market history, with restrictions on approximately 911.5 million insider shares scheduled to begin expiring on Aug. 6, two days after the company’s first quarterly earnings report. Additional shares could become eligible under conditional provisions.
Ark’s buying has matched Wood’s rhetoric. The firm added another $20.5 million of SpaceX shares during the selloff after building an initial position of nearly 3.3 million shares across three exchange-traded funds (ETFs) following the listing. The latest purchase brought Ark’s additional post-IPO buying to roughly $80 million. The purchases show Ark is using the sharp decline to deepen its exposure even as the looming $116 billion share unlock threatens to add more near-term pressure.
SpaceX completed its IPO at $135 per share, selling nearly 639 million shares after underwriters fully exercised their option. That generated approximately $86.25 billion in gross proceeds, according to the company’s official filing with the U.S. Securities and Exchange Commission (SEC).
Starlink Gives SpaceX Global Reach
Traditionally, telecommunication companies expanded into new countries by buying existing local providers. However, Wood believes Starlink is disrupting this pattern.
“This is a global business, and SpaceX is the first mover with 70% of the satellites out there.”
This growth confirms Ark Invest’s belief that Starlink will be a major driver of SpaceX’s future success, seeing it as a key part of the company’s overall worth.
In January, the Federal Communications Commission (FCC) authorized SpaceX to deploy an additional 7,500 second-generation, or Gen2, Starlink satellites, increasing its approved constellation to 15,000 satellites worldwide. As of July 2026, SpaceX had nearly 10,800 Starlink satellites in orbit, underscoring the scale behind Wood’s global communications thesis.
Orbital Data Centers Add an AI Opportunity
Wood’s optimistic outlook extends beyond just internet access. She thinks SpaceX could reduce the expense of computing and help build more powerful AI by utilizing its satellites and data centers.
Wood also highlighted the potential of global or orbital data centers, predicting they’ll be very cost-effective. This would give Elon Musk and his team the chance to create some of the most advanced AI models globally, and at a lower price point. She believes this represents a significant opportunity.
The Ark Invest executive also pointed out that SpaceX is currently earning money from its computing resources here on Earth.
Currently, SpaceX is leasing its data center space to companies like Anthropic and Google – it’s a really remarkable development.
Cathie Wood’s recent statements explain why Ark Invest has been buying more SpaceX stock, even as its value has dropped. The next key events to watch will be SpaceX’s first quarterly earnings report and the lifting of restrictions on about $116 billion in insider shares starting August 6th – these will show if other investors agree with Wood’s optimistic long-term outlook.
2026-07-22 22:28