Cathie Wood’s Ark Venture and more funds to bet on a possible SpaceX IPO
Cathie Wood's Ark Invest has added Tesla stock to its Space & Defense Innovation ETF, sparking speculation about a potential merger between Tesla and SpaceX. The move has raised questions about the future of SpaceX, which may be planning an initial public offering (IPO) as early as June.
Cathie Wood's Ark Invest has added 35,766 Tesla shares to its Space & Defense Innovation ETF. The fund now owns 1.99% of Tesla's assets. This move has sparked speculation about a potential merger between Tesla and SpaceX. Ark Invest already holds significant stakes in Tesla and SpaceX. A potential IPO of SpaceX is planned for June. The company's future is uncertain, with possible plans for a merger with Tesla or an IPO.
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