Cathie Wood Names SpaceX Her Top Pick And Calls It Historys Biggest

Cathie Wood recently named Elon Musk and his company SpaceX as her absolute favorite investment. Speaking in a recent interview, she called it a potential candidate for the most important company in global history. Wood has backed the firm since late 2023, even selling Tesla shares on the first day of trading to fund her purchase. She loves to buy fast growing names early, much like she did with Coinbase and Bitcoin in the past.

Her bullish view stems from Starlink, which currently controls around 70 percent of all active satellites. Starlink stands out as the profitable wing of the business, while SpaceX also rents out vital computing power to top artificial intelligence firms like Google and Anthropic. Wood points out that the company enjoys a ten year lead over rivals thanks to its reusable rocket technology.

Despite the high praise, the market remains cautious. The stock trades near 119 dollars, sitting well below its peak and down about 40 percent. Public filings reveal billions in losses, and recent delays with Starship testing have added pressure. Wood views this price drop as a major buying opportunity, pointing to multi trillion dollar markets on the horizon.

Traders and investors should watch how SpaceX handles its upcoming product tests and revenue targets. While Wood has a history of spotting major winners early, her funds also see sharp volatility. Keep an eye on how artificial intelligence partnerships and satellite data growth unfold over the coming months.