Cathie Wood Adds $22M More in Tesla and SpaceX Stock

Cathie Wood and her firm Ark Invest added another $22.78 million in Tesla and SpaceX shares to their portfolio this Monday. This move confirms that the fund remains bullish on the companies even as the broader market reacts to fresh commentary from leadership.

The timing of this purchase is notable because it arrived alongside a warning from Elon Musk. He recently stated that artificial intelligence will likely surpass the collective brainpower of all humans within the next five years. Such bold claims often stir up volatility for tech stocks and related digital assets.

Investors are keeping a close eye on these trades to see how Ark Invest balances its high conviction in tech with the risks associated with rapid AI development. Whether this bet pays off depends on how quickly Musk can turn his AI vision into profitable reality for his companies.