Investment
Features
FeesSafety
Academy
More
Pluang+

Cathie Wood defends ARK Invest's bet on SpaceX despite shares hitting new lows.

Market News
28 Jul 2026
Finbold
View Source
Bullish
pluang ai news

SpaceX shares dropped to a new all-time low, but Cathie Wood of ARK Invest explained her firm's continued buying due to SpaceX's strong business edge with its Starship program. Wood and Ark's chief futurist Brett Winton believe Starship's successful splashdown and potential for reusability could drastically boost SpaceX's revenue and reduce launch costs. Despite the stock falling over 20% below its IPO price, Wall Street analysts maintain a Buy rating with significant upside targets. Ark Invest holds over $420 million in SpaceX shares, confident in the company's long-term prospects.

More News (SPCX)

SpaceX dominates June trading on MEXC's RealStocks with nearly 30% volume share, highlighting strong investor interest.

SpaceX dominates June trading on MEXC's RealStocks with nearly 30% volume share, highlighting strong investor interest.

MEXC's RealStocks platform, launched in June 2026, saw SpaceX (SPCX) capture nearly 30% of trading volume and user activity, marking it as the most popular stock among over 7,000 US stocks and ETFs available. AI-related stocks collectively accounted ...

Market News
Bullish
23 hours ago
Tesla stock hits oversold level, signaling possible rebound amid investor doubts and leadership concerns.

Tesla stock hits oversold level, signaling possible rebound amid investor doubts and leadership concerns.

Tesla's stock has fallen 18.40% since July 21, reaching an RSI of 27, the most oversold level since March 2025, suggesting a potential recovery. However, investor confidence is shaken due to delays in key projects like autonomous driving and Robotaxi...

Technical Signals
Neutral
1 day ago
Six House members and families bought $83K-$245K in SpaceX shares post-IPO, raising conflict of interest concerns.

Six House members and families bought $83K-$245K in SpaceX shares post-IPO, raising conflict of interest concerns.

Within six days of SpaceX's June 12 IPO, six U.S. House members or their families purchased between $83,000 and $245,000 in SpaceX shares. Five of these lawmakers serve on committees overseeing sectors related to SpaceX's business, such as defense an...

Market News
Bearish
1 day ago
Tesla investors urged to focus on core business, not SpaceX acquisition speculation, due to dilution risks.

Tesla investors urged to focus on core business, not SpaceX acquisition speculation, due to dilution risks.

Investment manager Gary Black warns Tesla investors against betting on a future SpaceX acquisition, citing significant dilution risks for SpaceX shareholders and lack of financial sense in such a deal. He advises focusing on Tesla's core strengths li...

Market News
Bearish
1 day ago
SpaceX market cap drops $1.2T amid stock slide ahead of first earnings report.

SpaceX market cap drops $1.2T amid stock slide ahead of first earnings report.

SpaceX has lost over $1.2 trillion in market value since its peak in June, mirroring a decline in Tesla shares. The stock has fallen for 13 of the last 16 sessions, closing at $113.50 on Monday. Despite heavy trading in puts, some large trades indica...

Market News
Bearish
1 day ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App