AIFortuneabout 2 hours ago
Cathie Wood buys SpaceX dip, sells Alibaba
4 min read
Cathie Wood's ARK Invest bought roughly $7 million of SpaceX stock, its third dip purchase since the company's IPO last month. To fund the purchase, ARK sold about 570,000 shares of Alibaba. SpaceX is now ARK's seventh-largest holding, making up 4% of its flagship ETF.
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