SpaceX’s record-breaking $86 billion IPO is now facing a wild 50% stock drop—just weeks after hitting $225. But Cathie Wood sees opportunity, as her firm Ark Invest ramps up buying amid bold projections of $100B+ profits by 2030 through tens of thousands of launches. Despite SpaceX’s sky-high valuation and current losses, Wood remains convinced—though Ark’s mixed track record and analysts’ caution remind investors this could be a high-stakes bet on space’s next big thing.
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