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Story: Cathie Wood Backs SpaceX With Stock Down 48% From Peak

By Sakamoto Nashi

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Starlink and the Orbital Data Center Play. Starlink is probably the most understood piece of the SpaceX story, at least on the surface.

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What the Stock Decline Actually Means. SpaceX trading 13% below IPO price is worth sitting with for a second.

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Cathie Wood isn't blinking. The Ark Invest CEO is standing by SpaceX even as the stock sits 48% below its all-time high and 13% under its IPO price — numbers that would send most…

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Wood's case for SpaceX isn't really about where the stock is today. It's about three specific bets she thinks could change entire industries: Starlink, space exploration, and…

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The 48% drop from peak is not a small number.

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The orbital data center angle is murkier, and frankly less discussed. SpaceX has been working on the idea of hosting computing infrastructure in orbit — data centers that operate…

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Space exploration itself is harder to assign a dollar figure to. It's long-horizon, capital-intensive, and dependent on technological leaps that are genuinely uncertain.

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SpaceX trading 13% below IPO price is worth sitting with for a second. IPO prices are supposed to represent a floor of institutional confidence — the price at which sophisticated…

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See also: Ethereum Flirts With $2K as Institutional Demand Stays Weak

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Wood doesn't seem to care much. Her argument, as far as it goes, is that short-term price movement is basically noise when you're investing in a company that could redefine…

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Ark Invest's continued backing of SpaceX is pretty much on-brand. The firm has never been shy about holding through volatility, and Wood has said repeatedly that the fund's time…

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The market is watching SpaceX's financials closely right now. Investors and industry observers are scrutinizing whether the company's revenue from Starlink and other ventures can…

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Wood's bet is basically this: the transformative potential of Starlink, orbital data centers, and space exploration is real, and the market is underpricing it. Maybe that's right.

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More context: Anthropic Backs FCAs 21-Firm AI Sandbox as Applications Jump 51%

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No specific timeline has been given for when SpaceX's key projects hit meaningful commercial milestones.

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